Wealth Blog

Wednesday, June 2, 2010 10:10 am
By Judy Martel · Bankrate.com

Last week, I blogged about the return to extravagant spending. Could luxury homebuying finally be on the upswing? It seems that in some markets, we’re enjoying a real estate recovery, with property priced at more than $2 million selling at levels not seen since the boom year of 2005, according to one study. In Palm

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Friday, May 28, 2010 11:57 am
By Judy Martel · Bankrate.com

Tiffany & Co., that purveyor of little-black-dressed cultural icons and simple but devastatingly expensive jewelry, announced that earnings for the first quarter more than doubled. “So what,” you say, while browsing the aisles at Sears? Well, when consumer spending loosens up, it’s a sign our economy is improving, and in many cases, it trickles down

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Wednesday, May 26, 2010 9:58 am
By Judy Martel · Bankrate.com

You probably don’t need an official confirmation to know there’s a lot of anxiety in the stock market right now. But here’s one anyway: It’s called the volatility index, (VIX) and it indicates the price investors will pay to insure themselves against big market moves. It’s traded on the Chicago Board Options Exchange, and reached

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Friday, May 21, 2010 4:38 pm
By Judy Martel · Bankrate.com

If you’ve been squirreling cash in your bank, the latest numbers from the FDIC quarterly report might be troubling. The list of the FDIC’s “problem banks” numbered 775 in the first quarter of this year, a spike over last year, when 702 banks made the list for all of 2009. So far this year, regulators

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Wednesday, May 19, 2010 3:55 pm
By Judy Martel · Bankrate.com

No doubt the global recession of 2008 and the resultant high unemployment, housing foreclosures and a volatile stock market  are bad, but as dark as it seems, many economists still point to the 1982 recession as being worse. But consider this fact: The personal savings rate in 1982 peaked at 10.9 percent, versus a rate of

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Monday, May 17, 2010 9:36 am
By Judy Martel · Bankrate.com

Here’s a fun exercise: Use this Bankrate calculator to determine your net worth. That’s the sum of all your financial assets, minus any debts. Now that you’ve got that number, do you ever wonder how you compare to everyone else? A new website lets you find out just how you stack up against the Joneses.

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Wednesday, May 12, 2010 3:49 pm
By Judy Martel · Bankrate.com

There’s hardly anything more unnerving and fraught with indecision for the wealthy than how to bring up the next generation when they are surrounded by financial privilege. Shower them with their every heart’s desire simply because it’s financially possible? Deny them every nickel in the hope they’ll learn to scrape together a living and learn

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Friday, May 7, 2010 2:49 pm
By Judy Martel · Bankrate.com

Just when we thought we’d seen enough of an upward trend to breathe easier, a freefall in the stock market leaves us gasping. The big question: What do we do now?

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Wednesday, May 5, 2010 3:59 pm
By Judy Martel · Bankrate.com

The numbers just keep going up. Seems every time we look, there’s a new spending record being set by the wealthy. This week, Pablo Picasso’s 1932 portrait of his mistress, “Nude, Green leaves and Bust,” fetched $106.5 million at a Christie’s auction in New York. It was — needless to say — the highest amount ever paid for a work of art at auction.

Only three months ago, a buyer spent $104.3 million for an Alberto Giacometti sculpture, “Walking Man I.” Picasso’s art came near that price in 2004, when he set a pre-recession record of $104.1 million for “Boy with a Pipeshe.” …
(Click on headline to read more.)

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Friday, April 30, 2010 12:18 pm
By Judy Martel · Bankrate.com

By the end of next year, the Asia/Pacific region will surpass the United States as the world’s dominant wealth region.

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