DINAR IRAQ & DONG VIETNAM
Many years ago, there was a partner who has passed away.
He wanted to remind everyone that a large house, even if paid for all cash, entails a large expenditure of funds every year because of annual insurance, utilities and maintenance, all of which increase as the years roll forward and will quickly diminish your available funds.
He also recommended keeping a low profile and only disclose your gain on an as needed basis to your advisor.
High profile will subject you to unwanted attention and will be a danger to your financial and possibly your physical well being.
In other words do not go around telling everyone how “smart” and wealthy your are.
If that is your desire, better off painting a bulls eye on your financial portfolio, as you will be a target.
It has always been a recommendation to hire advisor, especially legal and accounting, before performing any transactions.
As once the transaction is complete there is no going back to undue a tax or financial blunder.
If memory serves me he also recommended to not be in a rush and let the dust settle instead of making a hurried decision.
His original informed me was at least 11 years ago and informed me shortly before he passed away but full of wisdom.
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