Wealth Blog

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

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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

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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

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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

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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

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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

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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.

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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

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Tuesday, July 12, 2011 3:57 pm
By Judy Martel · Bankrate.com

Who is more likely to shoplift, a rich person or a poor one? If you guessed the rich one, you’re right. In her book “The Steal,” author Rachel Shteir takes a look at the history of theft in our culture and cites one study that reports people earning $70,000 per year are 30 percent more likely

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Friday, July 8, 2011 3:43 pm
By Judy Martel · Bankrate.com

If your vision of retirement communities is a few dozen prefab homes scattered around a shuffleboard court, you haven’t been keeping up with the latest trend in homebuilding. These days, retirement communities for those over age 55 have upped the ante significantly, with amenities such as valet parking, dog-walkers and five-star chefs. There are even “lifestyle directors”

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