Wealth Blog

Friday, April 1, 2011 3:04 pm
By Judy Martel · Bankrate.com

Two recent studies suggest a shift in how much the rich trust their advisers to manage their wealth. Since the recession, they’ve been spreading their assets among multiple advisers, rather than trusting one to make all the investment decisions. And wealthy investors under the age of 50, who are more likely to own their own

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Wednesday, March 30, 2011 12:20 pm
By Judy Martel · Bankrate.com

Think you could never become a millionaire? Take inspiration from some college students who are already there. Fifteen college students, profiled over three years by Forbes, all made their wealth through entrepreneurship. Many saw a market need and filled it, while others turned a hobby into a business. Nearly all of them are already “serial

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Friday, March 25, 2011 2:59 pm
By Judy Martel · Bankrate.com

How much attention should you pay to stock market fluctuations? Not much, if you’re building a portfolio for retirement, say the experts. The best way to build wealth in the market is the “steady as you go” approach, with an eye toward the long term, not the short-term volatility. Mutual fund company T. Rowe Price

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Wednesday, March 23, 2011 1:37 pm
By Judy Martel · Bankrate.com

Talk about frequent-flier perks: KLM Royal Dutch Airlines and Space Experience Curacao say they will offer future suborbital flights on the Lynx rocket plane being developed by California-based XCOR Aerospace. The 30-minute flight will soar approximately 300,000 feet up, allowing wealthy passengers to experience weightlessness and see the curvature of the earth. The cost of the

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Friday, March 18, 2011 2:29 pm
By Judy Martel · Bankrate.com

The number of millionaire households in the U.S. rose for the second straight year in 2010, to 8.4 million, according to the latest report by Spectrem, a Chicago consulting group. After dropping by 27 percent in 2008, the millionaire population has been increasing for two straight years, by 16 percent in 2009 and 8 percent

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Wednesday, March 16, 2011 2:13 pm
By Judy Martel · Bankrate.com

The recent, devastating news out of Japan not only tests the limits of global humanitarian efforts, but of the global economy as well. Japan is the world’s third-largest economy, and fears are spreading around developed nations about how the disaster could impact a worldwide economy that has been recovering from the recession in fits and

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Friday, March 11, 2011 2:52 pm
By Judy Martel · Bankrate.com

Most people calculate their net worth by adding up tangible assets such as stocks, bonds and real estate. But there’s an important element that many forget to factor into the wealth equation: human capital, which is another way of saying your future earning power. Business owners and managers are already familiar with the concept of

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Wednesday, March 9, 2011 3:01 pm
By Judy Martel · Bankrate.com

As I type this, the Dow Jones Industrial Average is at 12,215, and the Standard & Poor’s 500 sits at 1,319. Two years ago on this date, the numbers were much more dismal: 6,547 for the Dow and 677 for the S&P.   When the market closed Tuesday, the Dow was up 86 percent from

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Friday, March 4, 2011 3:18 pm
By Judy Martel · Bankrate.com

Ever wonder what it would take for you to financially “walk away” from your job? There was an intriguing article in the Wall Street Journal recently that cited a study by Standard Chartered Priority Banking and Scorpio Partnership. Nearly 1,800 wealthy people (average annual income $120,000 and average net worth of $1.3 million) in 10

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Friday, March 4, 2011 9:41 am
By Janet Reusch · Bankrate.com

In light of hearing that 2010 wasn’t a good year for charitable giving, it’s refreshing to find stories of people giving back. A couple of bloggers picked up the philanthropic slack where the wealthy left off. “J. Money,” as he is known in the blogosphere, of BudgetsAreSexy.com, a personal finance blog, and Nate St. Pierre

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