Wealth Blog

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
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

» Read more
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”

» Read more
Wednesday, July 6, 2011 3:15 pm
By Judy Martel · Bankrate.com

The rich are getting richer, according to a trio of recent studies, and are now turning their attention to the help. That means the spotlight is shining on the wealth management industry and the studies show they’re not holding up under the scrutiny. For instance, the Global Wealth Survey by PwC finds that clients are

» Read more
Friday, July 1, 2011 1:21 pm
By Judy Martel · Bankrate.com

If you’re having trouble sticking to long-term financial goals, you’re not alone. Even the wealthy are susceptible to emotions that derail overall returns. A report by Barclays Wealth finds that 41 percent of the 2,000 wealthy investors surveyed say they could use some help controlling impulses that are counterproductive to their financial goals. The three

» Read more
Page 35 of 46« First...102030...3334353637...40...Last »