9 hours ago
Building wealth and maintaining it are two entirely different skills. Many entrepreneurs who have sold their businesses fall into the trap of overconfidence, taking impulsive and risky actions in pursuit of new successes. Anna Maria Panasiuk, Wealth Advisor, emphasizes that patience and a new approach to asset management are key to avoiding financial mistakes.
Statistics show that around 20 percent of names on the Forbes rich list change every year, as maintaining wealth requires a cautious and risk-minimizing mindset. Some entrepreneurs, accustomed to rapid success, struggle to transition from business-building to investment management.
“Managing one successful company is entirely different from managing multiple investments in various sectors. Without patience and a well-thought-out strategy, it’s easy to lose everything,” Anna Maria Panasiuk says.
She recalls advising three successful businessmen who earned PLN 20 million each from selling their company. Despite her warnings about hasty decisions, they pursued aggressive investments and lost their fortunes within a few years. She stresses that creating a strategy can take months, as even seasoned advisors in Switzerland spend half a year designing portfolios.
(WBJ)
