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I’ve heard many people made wiser by wealth say that money by itself doesn’t promise happiness, nor is it the root of all evil. It simply magnifies the qualities already present in a person’s character. It’s the great enabler.
That brings us to the heartbreaking, tumultuous life of J. Paul Getty III, the grandson of oil
Want to invest like a billionaire? You could follow the lead of Mexican billionaire Carlos Slim, the world’s richest man for the second year in a row, according to Bloomberg. Worth about $70 billion, he once again beat out Warren Buffett and Bill Gates for the top spot. Last year, Forbes crowned him the world’s
The stock market is improving and poised to continue its upward trend for at least a year or two, according to many market watchers. So how much of your portfolio should you invest for growth, and how much do you keep liquid?
Back in the day, we all felt more secure in our jobs, housing prices
Hedge funds, the lightly-regulated investments open to those who can meet the high price of entry, appear to be surging in popularity again. The third quarter of 2010 saw the largest-ever quarterly increase of $149 billion in assets, according to Hedge Fund Research (HFR), which tracks and analyzes the funds. Globally, assets grew to $1.917
The wealthy will be emerging from safe investment havens this year, and stretching their risk tolerance levels globally, according to a survey conducted in December.
The Institute for Private Investors (IPI), a membership organization for ultra high-net-worth individuals, surveyed 72 of its members, most of whom have more than $50 million in investable assets. Two-thirds of
Not many of us can resist playing the game of “what if?” from time to time, perhaps even more so at the beginning of a new year. Those of you who follow my blog might remember my interview with Billy and Akaisha Kaderli, who retired in 1991 at the ripe old age of 38. Recently
The year-end news for stocks looks promising. During the last quarter, we’ve enjoyed a rally of approximately 10 percent (helped by a so-called Santa rally, when the market rises between Christmas and New Year’s). That’s the best stock-market rally during a fourth quarter since 2003.
Some experts are still convinced it’s all smoke and mirrors (really,
The $858 billion tax package that sailed through Congress this week has left both Republicans and Democrats unhappy with parts of the deal, but the wealthy and their heirs can breathe a sigh of relief – at least for another two years.
To get the deal done, Democrats conceded on their effort to raise taxes on the wealthy, while
Back in August, I wrote about investor Warren Buffett’s plea to the wealthy to publicly commit to donating most of their fortunes to charity. Called the “Giving Pledge,” it immediately attracted heavy-hitters like Oracle founder Larry Ellison, movie producer George Lucas, and oil tycoon T. Boone Pickens.
Recently, 16 additional billionaires signed up (which raises the
When I worked for a family office that advised ultra high-net-worth individuals, one of the numerous ways our investment advisers would assess stock market risk among clients was to pose the question: “How would you feel if you lost half your investments?” That question turned out to be more than rhetoric in March, 2009, when
