Wealth Blog

Friday, December 3, 2010 1:46 pm
By Judy Martel · Bankrate.com

When I worked for a family office that advised ultra high-net-worth individuals, one of the numerous ways our investment advisers would assess stock market risk among clients was to pose the question: “How would you feel if you lost half your investments?” That question turned out to be more than rhetoric in March, 2009, when

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Wednesday, December 1, 2010 2:19 pm
By Judy Martel · Bankrate.com

Everyone could use a bit of fantasy during the holiday shopping season, and Neiman Marcus comes through yet again with its annual Christmas Book of unique gifts. The Christmas Book has been around since 1926, but this is the 50th year of the legendary His and Hers gifts. To mark the occasion, the store commissioned

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Wednesday, November 24, 2010 10:32 am
By Judy Martel · Bankrate.com

It’s the time of year for giving thanks, so how charitable have the wealthy been this past year? Bill and Melinda Gates continue to make headlines on the philanthropic front, most recently with the announcement that they’ve pledged $500 million through their foundation to help create new banking systems for the poorest parts of the

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Friday, November 19, 2010 11:56 am
By Judy Martel · Bankrate.com

So just how much do the wealthy hate paying taxes? Unlike almost every other country, the U.S. levies taxes on its citizens no matter where they live in the world. So some of the more globally-minded wealthy are taking their expatriate status much further by renouncing U.S. citizenship. Granted, the numbers are small, and many

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Tags: tax, Taxes, wealthy
Friday, November 12, 2010 1:58 pm
By Judy Martel · Bankrate.com

Although the housing market is still in an uneven and sluggish recovery, mortgage lenders originated $18 billion in jumbo loans in the second quarter of this year. That’s a 20 percent increase over the first quarter, according to an article in the Wall Street Journal. Historically, jumbo mortgages make up about 18 percent of the

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Wednesday, November 10, 2010 2:22 pm
By Judy Martel · Bankrate.com

Wealth is moving east — specifically to Singapore, Russia and the Middle East — according to the third Expat Explorer report published by HSBC Bank International, which surveys 4,127 expats in more than 100 countries. For the second year in a row, Russia remains the wealth hotspot leader, with 36 percent of expats earning more

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Friday, November 5, 2010 1:18 pm
By Judy Martel · Bankrate.com

What a week. In the wake of the announcement Wednesday that the Federal Reserve would spend  $600 billion to buy long-term Treasuries to help stimulate the lagging economy, the stock market jumped nearly 2 percent in a day, reaching levels not seen since September 2008. This week’s news is part of an ongoing rally: The

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Wednesday, November 3, 2010 10:58 am
By Judy Martel · Bankrate.com

How do the results of the mid-term election bode for the wealthy? Well, at first blush, it could mean that the Bush tax cuts enacted in 2001 and 2003 won’t expire for those in the top tax brackets. The Republicans, who gained control of the House of Representatives, are in favor of extending the tax cuts

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Friday, October 29, 2010 2:42 pm
By Judy Martel · Bankrate.com

The wealthy are having mixed feelings about the economy, according to the Merrill Lynch Affluent Insights Quarterly survey of 1,000 individuals who have investable assets of $250,000 or more. Although 41 percent of those surveyed say they feel financially better off today than they did a year ago and 78 percent are confident their own

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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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