Wealth Blog

Sunday, September 18, 2011 8:52 am
By Judy Martel · Bankrate.com

President Obama is calling his proposal for a new, higher minimum tax rate for those earning more than $1 million a year the “Buffett Rule,” according to an article in the New York Times. This, of course, is a reference to billionaire investor Warren Buffett’s public plea to the government to force the rich to

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Wednesday, September 14, 2011 3:05 pm
By Judy Martel · Bankrate.com

Looking to trade up to a mansion with all the extras? Now’s the time to buy for a song. During the housing boom, average square footage for homes continued to trend upward according to the National Association of Home Builders, from 983 square feet for an average home in 1950 to 2,434 square feet in

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Sunday, September 11, 2011 9:32 am
By Judy Martel · Bankrate.com

It’s not easy these days to hold the line on equity investing with all the volatility we’ve seen in the stock market this year. The wealthy are responding by allocating more of their portfolio to hedge funds, according to a survey by advisory firm Rothstein Kass, which reported that nearly 90 percent of the 151

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Tuesday, September 6, 2011 3:43 pm
By Judy Martel · Bankrate.com

When Warren Buffett speaks, people listen, and not just for investing tips. Last month, Buffett published an op-ed piece in the New York Times stating that he and his fellow mega-rich have been enjoying “extraordinary tax breaks” for too long and suggested Congress impose higher rates on taxable income above $1 million. He hit a

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Friday, September 2, 2011 1:16 pm
By Judy Martel · Bankrate.com

Last month, New York billionaire Carl Icahn made $100 million on a $2-billion bet that the benchmark Standard & Poor’s 500 Index would decline. Nice work if you can get it. An article in Investment News said the 75-year-old investor turned bearish in mid-August as the European debt crisis loomed and the outlook for the

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Tuesday, August 30, 2011 3:19 pm
By Judy Martel · Bankrate.com

What a great time to be the offspring of the super-rich. A combination of favorable gift tax legislation and low interest rates is causing the wealthy to consider transferring money and assets to the next generation while the giving is good. Since Congress increased the exemption for federal gift tax to $5 million ($10 million

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Friday, August 26, 2011 3:44 pm
By Judy Martel · Bankrate.com

Public perception of the rich has taken a beating since the recession. Where once the middle classes aspired to emulate the wealthy — in many cases overextending their credit to appear richer — now there’s a certain morbid curiosity in observing the foreclosures and stock market losses among the financially privileged. During the economy’s long

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Tuesday, August 23, 2011 3:54 pm
By Judy Martel · Bankrate.com

Anyone watching the zigs and zags of the stock market these days has plenty of reasons to be nervous, especially in light of global economic worries. It’s a wonder investors can sleep at night. There’s no magic formula that’s going to suddenly make you wealthy and keep you that way through both fat and lean

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Friday, August 19, 2011 4:03 pm
By Judy Martel · Bankrate.com

Call them “recession babies.”   The effects of this month’s dramatic downturn in the stock market on the heels of the recession just three years ago is instilling a fear of risk in the very investors who have the most time to benefit from long-term stock market investments. The last generation to exhibit this level of

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Tuesday, August 16, 2011 3:45 pm
By Judy Martel · Bankrate.com

Billionaire investor Warren Buffett caused a media stir this week with his op-ed in the New York Times titled “Stop coddling the Super-Rich.” Buffett outed himself and his fellow mega-rich as tax-cheapskates, thanks to tax-friendly legislation, and urged Congress to raise taxes as part of a deficit-reduction plan. “While the poor and middle class fight

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