QUOTE(Showtime747 @ Oct 22 2018, 05:57 PM)
Disagree. Rich people’s mentality is different.
Why rich people buy expensive watch, car, golf club, branded bags ? Are these items 10-20 times better than other cheaper items ? No, it’s because they are rare and not many people can afford. The feeling “one up” over you
Why we have this thread and many people here proudly boast about free car park, coffee and dedicated leng lui RM (instead of sharing the bank products with good returns) ? Because not many people can become priority bank customers, but they can. Again, the feeling of “one up” over you
The feeling of elite and special is what they after. If you tell them, they will definitely feel happier with 1/7000 compare to 1/70000
Not disagreeing on how rich people prefer elite status and such, because that is truly the fact.
What I mean that 1/7000 or 1/70000 doesnt make a difference, because the number is still small compared to the total number of people in the country. if you say you are 1/700k people , maybe by then you feel everyone is a "priority" banker and it loses its lust (which is the case right now).
Priority banking is nonsense anyway, every john, dick and harry is a priority banker, even getting a random housing loan can get you PB status (stupid move). with >US5m, can easily become a Private Banker.