September 2017 / 17 posts found

BBC World Service – In the Balance, Is Inherited Wealth a Curse?

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Does passing down large amounts of money within families drive the gap between rich and poor even wider? It seems that some of the world’s richest people, like Bill Gates, recognised this and have pledged to give away most, if not all, of their wealth to good causes rather than their children. Is inherited wealth a curse, both on a personal and macro-economic level? Should we tax it much more heavily, or even ban inheritance altogether? Manuela Saragosa is joined by a global panel of guests to unpick the issues on intergenerational fairness. Contributors: Barbara Blouin, founder of The Inheritance […]

The true source of California’s wealth

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Carmel Mission In 1769, the first Spanish missions were founded in California by Franciscan missionary Junipero Serra, whose statue is in the U.S. Capitol’s Statuary Hall. California cities were originally founded as Spanish Christian missions: 1769 San Diego de Alcalá (grew into San Diego, California, cultivated the first olives in California) 1770 San Carlos Borromeo de Carmelo (grew into Carmel, California) 1771 San Antonio de Padua (grew into Monterey County, California) 1771 San Gabriel (grew into San Gabriel, California, began California’s citrus industry) 1772 San Luis Obispo de Tolosa (grew into San Luis Obispo, California) 1776 San Francisco de Asís […]

Wealth advisers need to get up to speed on big data

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WOCinTech Chat/flickr Wealth advisors used to succeed by making insightful lunch conversation, being fun on the golf course and winning referrals. These days, effectively leveraging big data is a better bet for successful marketing. The growing hoard of wealth invested with robo-advisor platforms is forcing advisers to change how they operate. By the end of 2017, $160 billion of assets will be invested in digital advice platforms, up from $65 billion a year ago, according to research by Aite Group and Broadridge. That number will swell to $400 billion by the end of 2018. Competition from these low-priced services and the trend of replacing […]

Tax Diversification: An Untapped Resource for Wealth

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Sure, diversifying is a good idea for investors, but unless part of your diversification strategy is based on how your investments are taxed, you could be missing out in retirement. Conventional wisdom recommends diversifying investment holdings so that when one sector or asset class dips, another can make up the difference. And, for the average individual, diversification has always focused on equities, and equities alone. SEE ALSO: The Retiree Tax Quiz That’s a problem. Holistically, diversification is a broader process designed to mitigate risk in a variety of areas. It’s true that investors never want to own too much of […]

Long-term wealth creators: 5 stocks that have soared & soared for 20 years

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Someone is sitting in the shade today because someone planted a tree long time ago. – Warren Buffett Going by Buffett wisdom, those who showed patience in domestic equity market became richer over time. Domestic seeds, chemicals and global generic crop protection company UPL has grown by leaps and bounds over the past two decades with net sales rising from Rs 100 crore in FY1997 to Rs 16,312 crore in FY17 and profit expanding from Rs 5.72 crore to Rs 1,733 crore. This has lifted the stock 51,609 per cent from Rs 1.58 in September, 1997 to Rs 817 on […]

It Turns out That Travelling Makes Us Far Happier Than Any Material Wealth Ever Does

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They say that money doesn’t buy happiness, but everyone at work seems to be in far better moods every time payday rolls around. That being said, once most of the disposable income is spent over the course of the coming days, people often feel worse than they did before getting paid. So, perhaps a more accurate saying would be that money doesn’t buy lasting happiness. Psychologists say that human adaptation often stifles our happiness. When we buy something new, its appeal tends to wear off for the most part once the item is no longer “new.” So if we want […]

Jumbo Loans Get Less Expensive  #wealth #investment #realestate

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Source:  CNBC Total mortgage application volume barely moved last week, down 0.5 percent from the previous week, according to the Mortgage Bankers Association.  That’s the second consecutive seasonally adjusted week of minimal moves. Mortgage applications to refinance a home loan rose 0.3 percent from the previous week and are 38 percent lower than the same week one year ago, when rates were lower.  The refinance share of total applications did rise to its highest level since January, at 48.7 percent of total applications. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $424,100 or less […]