If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
Exchange Traded Funds, basically these funds pool money from a lot of small investors and give you diversified portfolio. Basically if you try to mirror S&P 500 yourself, it’ll require about a few hundred thousand dollars to manage, but by pooling with other people you can have S&P 500 level diversification for 100$