Sure, today they’re worth…
Nobody’s taking that away from you.
However, tomorrow is a different story.
What will be the shape of your wealth in the far future?
In what form will it be stored?
Identify that now.
Because you can start pickling away in that form, little by little, right away.
Moving a chunk in one shot is tricky.
You don’t do it unless you’re absolutely sure.
You don’t bet the farm – on anything – period.
You need to move things quantum by quantum, over decades perhaps.
Final destination needs to tally with your risk-profile.
If it doesn’t, you’ll end up being jumpy and uncomfortable, and you’ll make a mistake.
When it’s about your life-savings, there’s no margin for error.
Why has one taken such a large chunk of time into the equation?
You see, when time is expanded long enough, difficult problems becomes easy to solve, because one ends up actually taking time (read pressure) out of the equation. Time is quasi infinite, so one doesn’t worry about it anymore. One has TIME to think things over and decide at leisure.
Also, over the course of a large chunk of time, you might realize that your risk-profile has changed, and that you are not comfortable with the final destination anymore.
Change the final destination.
You define the rules, remember.
The bottom-line is that in whatever shape and form your wealth is stored in the end, that shape and form needs to address everything you wish that wealth to do and be.
There’s a lot of thinking that needs to go into this.
Do that thinking now.
It pays to be financially literate.
Nobody really teaches you financial literacy in school or college. Bookish knowledge is not financial literacy. Field knowledge is.
You’ve got two options.
Get financially literate on your own by playing the field, making mistakes, and learning, or…
…find someone who is already financially literate, and learn from him or her, from his or her mistakes.
Whatever you do…
…do it now…
…to ensure that your wealth not only remains intact…
…but also continues to grow.