My # 1 investment advice:
If you still have money left when you die, you have done something wrong.

Too much hedging can be boring.
Also consider advice # 2 and # 3.
About Andreas Moser
I am a lawyer in Germany, with a focus on international family law, migration and citizenship law, as well as constitutional law.
My other interests include long walks, train rides, hitchhiking, history, and writing stories.
But if you die from nothing to eat becouse your money have gone, it’s OK?
Advice # 2 would be to always keep enough for a bit of food.
Alternatively, this advice can be restricted to countries with a social safety net.
i think leaving at least some money for your children is a social norm, not that it is an obligation. maybe mostly to asians only. i don’t know but it is pretty normal to do that in Singapore.
I noticed that. I once had a child from the Philippines ask me if he could already inherit part of his father’s wealth before the father had died: https://andreasmoser.wordpress.com/2011/01/25/greedy-child/
I actually also belief it is the social norm outside of Asia. Definitely in Germany.
i just read about it on yo wordpress! THAT WAS HARSH. but the kid is so silly. haha it is like he got the “little emperor’ syndrome in China.
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love this advice and totally agree although I am on the other end these days where I am spending all my salary by 10th of the month and then wait for the next one ;)