How much in assets until someone is considered rich in the UK?

How much do you invest into each holding to spread the risk? You say you took a course (presumably university) to get to a sound level of understanding, what course would that be?

Just curious as I have savings and an academic background in company law , but I want to increase my level of knowledge in the markets.

So let's work that through. How much money would you spend without really thinking too much about it...?

Let's say you have £1000 in you bank account, I think you'd be happy to spend £10 without thinking much about it, but £100 would cause you pause...?

Well if a luxury car is, say £50k, then two is £100k. For that not to be a "noticeable" spend it would need to be less than 1% of their liquid assets. So that's £10 million in cash before you'd "notice". Not Net Worth... cash. To be likely to have £10 million sitting in cash I'd say you'd need £100 million in net assets. Or probably more. And rich people don't allow cash to just sit around - it's always invested in something...

Come back in 20 years and impress me then.

Haha, that's a whole different game. Right now I'm just catching falling knives. You will see all those companies corrected.

A good companies can return 40 times in 20 years.

Perhaps I emphasise too much the "thinking much about it" part. I mean footballers have multiple sports cars a lot of the time but it is also widely acknowledged that many of them are terrible with their finances.

A listed company investment growing 40 times cost over 20 years? x40? 4000%?

Good luck picking that one.

(But I'll give you a countertip... Lowland Investment - specifically since 1994)

yes 40 times, well the whole point of the stock market is to find those.

Apple went from 3 dollars in 1997 to 113 dollars now, nearly a 40 times return. Amazon went from 7 dollars at the bottom of the dot com crash to 800+ dollars now, over 110 times return.

You need to buy stocks when they are cheap, people don't realise that. I only make money cos I am buying good companies at a discount. I could have bought ABF foods back in 2014 for 3300p a share and I would have lost money now. Even though primark (ABF own primark) is a great company. The stock was too overvalued, a very high P/E and the growth wasn't there.

Because I have 23.5k in the stock market and made 2k in 3 months after brexit.

some of my holdings...

galliford try (ftse 250)- bought at 1003p
interserve (ftse aim) - bought at 316p
BP (ftse 100)- bought at 361p
paragon group of companies (ftse 250)- bought at 294p

I have outperformed most funds. I have a background in finance either way, so I have the knowledge and experience to beat them.

You can buy stocks when they are cheap, and find they go cheaper...

I had Apple in 1990 and dropped it shortly after when it seemed to be on a terminal decline (and I needed the little cash i had invested at the time) - to my eternal regret... they went through terrible times before landing on the iPod and even that took a while to generate revenue. The Mac nearly killed them, and there was no hint of iPhone riches to come... (and maybe those days are now past too...).

It's extremely difficult to predict 20+ years out which ones will make it... as you will find.

So the solution is you have a portfolio to spread the risk and some will do well and some will go bust. But that's really just the same as a fund manager. You have a fund manger "background" so you understand this - but you are the 1% (good luck!)

Wait a minute, how old are you.... Apple pre Ipod was a dead duck, no one could have predicted what was to come.

Lmao! You have a tiny holding which increased in line with the overall FTSE market gain after Brexit. Nothing much to shout about

Look at the stocks I quoted and their returns, those are impressive picks.

Galliford Try returned me 35% in 3 months, not easy to replicate lol.

A few million? I appreciate that some people have their net financial value tied up in assets so I am not counting hard and fast liquid cash as the measure of wealth.

How do you know you can you pick better stocks than a professional fund manager? How many pension fund managers bought Barclays right before the crash? And did they only hold Barclays or did they spread the risk?

Again; nothing spectacular... assuming you're even telling the truth

Tell you what: post us a small £10k stock pick list in here and we'll come back a year from now and value it.*

I should say that it's also a matter of control. The idea of somebody else investing my money makes me nautilus.

When you have 200K+ in the stock market, 600-700K in property, 100-200K in cash

How the hell is 35% in 3 months not spectacular? This is amazing return for an investment grade company. We are not talking about penny stocks here.

I also bought BP at 361p and it's trading 460p + now.

Just take the stocks I listed. They will all increase.

And why the hell would I lie, most people dont even know who these companies are. There is a lot of research gone into these picks.