Wealth Blog

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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Monday, August 30, 2010 11:15 am
By Judy Martel · Bankrate.com

In my last blog, I wrote about whether only the rich could afford to buy a house.  Here’s another question analysts are pondering in this real-estate environment:  Is homeownership a means to build wealth anymore? During the past 50 years, despite a few housing declines, it’s become generally accepted among buyers that a home was

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Thursday, August 19, 2010 3:18 pm
By Judy Martel · Bankrate.com

Jumbo mortgage rates continue to fall, hitting a new low of 5.26 for a 30-year-fixed this week in Bankrate’s weekly Interest Rate Roundup. As  Senior  Financial Analyst Greg McBride notes in this video, the spread between jumbo loans and conforming loans (those less than $417,000) hasn’t been this narrow since the beginning of the credit

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Friday, August 13, 2010 2:24 pm
By Judy Martel · Bankrate.com

In the unlikely event of deflation, would the widening gap between rich and middle class worsen? Let’s start with two tenets of deflation:   The value of money increases as prices for goods and services drop. The value of a loan’s interest rate effectively goes up, since you are paying for an item (a home,

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Friday, August 6, 2010 2:10 pm
By Judy Martel · Bankrate.com

It looks like billionaire investor Warren Buffett has started a trend in charitable donations. In an interview last month during a conference for technology and media leaders, Buffett said he hoped wealthy people would enrich society by pledging at least half their fortunes to philanthropy. He has donated 99 percent of his own fortune to

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