Wealth Blog

Wednesday, October 27, 2010 1:33 pm
By Judy Martel · Bankrate.com

Not only have stock market gains rebounded this year, beefing up the portfolios of investors who didn’t pull out when the market tanked in 2009, but the payoff is big if you work on Wall Street. The New York Times reported last week that finance-industry salaries in Manhattan rose 20 percent in the first quarter

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Tuesday, October 19, 2010 10:04 am
By Judy Martel · Bankrate.com

While the housing industry is buzzing about further impediments to a recovery caused by the recent foreclosure suspensions, two high-profile mansions sold for a song last week. Luxist reported that the Indianapolis mansion formerly owned by Stephen Hilbert, former CEO of Conseco, once valued at $25 million, sold for a mere $3 million. The buyer

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Wednesday, October 13, 2010 2:10 pm
By Judy Martel · Bankrate.com

Retailers are nervously gauging the spending mood of the wealthy as we head into the holiday season. The stock market has been rising pre-holiday, but that doesn’t mean the greenbacks will be flowing at shopping sites this year. Many of the wealthy still feel chastened by the shaky economy, and are reining in the holiday

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Wednesday, October 6, 2010 10:00 am
By Judy Martel · Bankrate.com

Leaving a legacy usually involves more than just figuring out how to divide up assets so the inheritors don’t go to court. The best plans include letting your heirs know how you feel about wealth. One way to do that is in a letter. In fact, you may not even share the letter with heirs,

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Wednesday, September 29, 2010 10:00 am
By Judy Martel · Bankrate.com

There’s a new list out, of the most expensive real estate markets in the country, and I bet you can guess the state that has the highest number of cities in the top 10. Of course, it’s California, state of some of the most outrageous displays of wealth since the 1849 gold rush. But it’s

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Thursday, September 23, 2010 10:36 am
By Judy Martel · Bankrate.com

The ranks of millionaires may still be rising in America, due largely to stock market rebounds, but it’s not a smooth climb for those in the top income brackets. One of the latest surveys, from Phoenix Marketing International, reports that households with at least $1 million in investable assets rose 8 percent from June 2009

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Wednesday, September 15, 2010 2:37 pm
By Judy Martel · Bankrate.com

A year later, and it seems we’re no more comfortable about retirement and our investments. In a recent study, independent advisers report that half their clients doubt their ability to retire on time, and 40 percent are less optimistic about investment performance than they were in July 2009. The survey of 1,199 advisers with a

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Friday, September 10, 2010 12:05 pm
By Judy Martel · Bankrate.com

Of these choices – richer, thinner, smarter or younger – which would you want to be? If you chose richer, you’re with the majority of respondents (43 percent) of a Harris Interactive Poll of more than 2,000 adults in the U.S. Last week I blogged about a different survey, in which people say they believe money buys

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Tags: money, poll, rich, richer
Tuesday, September 7, 2010 3:38 pm
By Judy Martel · Bankrate.com

Well, it’s official, at least according to two recent reports. Money does buy happiness, but it’s not the only factor. Keirsey Research, the company that conducted a study of 3,900 individuals, finds that you can’t be wealthy in the manner of the elder, reclusive Howard Hughes and expect to be happy – you have to

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Thursday, September 2, 2010 10:59 am
By Judy Martel · Bankrate.com

It appears we’ve reached a point where even the people who have money to spend are worried about the outlook for the economy. The Millionaire Investor Confidence Index, developed by Chicago consulting group Spectrem, fell 11 points to its lowest point in more than a year. The culprits: concern about unemployment and politics. On the

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