It’s easy to think that wealth guarantees flawless financial management. However, being wealthy doesn’t protect against mistakes, and there are plenty of examples of costly decisions, whether among celebrities or ordinary individuals. In this article, we explore some of the most common mistakes made by affluent individuals and the lessons everyone can learn to better…
Holding a significant position in a single stock—often linked to your employer—may seem advantageous… until the tide turns. This concentration significantly increases your risk. At We Financial, we regularly assist clients in diversifying such positions. Here are three approaches we use, depending on the case. 1. Selling Smartly: Focus on Net After-Tax Amount Many believe…
This article outlines key steps to invest your wealth, whether modest or substantial. These suggestions are indicative; your decisions should consider your risk tolerance and investment horizon. Step 1: Build an Emergency Fund Before any investment, start by establishing an emergency fund equivalent to 3 to 6 months of expenses (not income). This capital should…
