Wealth Blog

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

» Read more
Friday, August 12, 2011 3:51 pm
By Judy Martel · Bankrate.com

During all the market volatility the past few weeks, one asset class has seen a pretty steady climb: gold. As of Friday, its price was $1,747.90 a troy ounce and nervous investors are wondering if they should increase their allocation or add it to their portfolios. Gold is considered a hedge against inflation and a

» Read more
Tuesday, August 9, 2011 3:48 pm
By Judy Martel · Bankrate.com

For all the bad news causing turmoil in the stock market, some wealthy investors are seeing a silver lining in the form of a buying opportunity. While investors have been broadly fleeing the market recently in favor of cash, many of the wealthy are being advised to maintain their equity position, or to buy. But

» Read more
Friday, August 5, 2011 3:44 pm
By Judy Martel · Bankrate.com

If image is everything, then the generation of Millennials (age 18 to 32, also known as Gen Y) would appear to be the richest. A recent survey finds that compared with older generations, more Millennials want to be seen as wealthy, even as they battle feelings of guilt about indulging in luxury. Among the three

» Read more
Tuesday, August 2, 2011 3:26 pm
By Judy Martel · Bankrate.com

It’s no secret that the Great Recession hit some people harder than others, but for blacks and Hispanics it has become the great wealth divide. Both groups have lost decades’ worth of financial gains, with whites now claiming an average of 20 times the net worth of blacks and 18 times that of Hispanics. The

» Read more
Friday, July 29, 2011 3:44 pm
By Judy Martel · Bankrate.com

This is shaping up to be a record year for high-priced property sales. No sooner does the “most expensive home” get sold than another one comes on the market to claim the No.1 status. First up was Russion billionaire Yuri Milner, who purchased a $100-million spread in Silicon Valley, Calif., in March. Then last month

» Read more
Tuesday, July 26, 2011 3:47 pm
By Judy Martel · Bankrate.com

If you had to guess which U.S. city has the highest number of wealthy individuals (investable assets of $1 million or more) would you automatically think New York, or maybe Los Angeles? Although both make the top 10, San Jose, Calif. (home of ebay and Cisco Systems, as well as other tech companies) comes in at

» Read more
Friday, July 22, 2011 3:54 pm
By Judy Martel · Bankrate.com

Buyers from Brazil, China and Korea are among the foreigners snapping up bargain real estate in the U.S., according to The National Association of Realtors, or NAR, and more than half of them are paying in cash. Mortgages are not as common in other countries as they are in the U.S., so foreign buyers are more

» Read more
Tuesday, July 19, 2011 3:48 pm
By Judy Martel · Bankrate.com

The stock market’s rise hasn’t been a boon for everyone. An article in InvestmentNews says Federal Reserve Board Chairman Ben Bernanke’s assets may have declined in 2010, even as the stock market rose. According to numbers released by the Fed, Bernanke had between $1.06 million and $2.31 million in 2010, mostly invested in two retirement accounts.

» Read more
Friday, July 15, 2011 4:04 pm
By Judy Martel · Bankrate.com

The overwhelming majority (85 percent) of wealthy individuals in a recent survey say returns on their investments in 2010 met or exceeded their expectations and they expect long-term returns of 8 percent in 2011. “In this statistic, at least, families seem to be expecting a return to normalcy,” according to David Lincoln, director of research

» Read more
Page 33 of 44« First...1020...3132333435...40...Last »