How will the party end?
That's the big question for the wealthy in 2014 as the market-fueled fortunes of 2013 fall under the shadow of the Grim Taper. There is little doubt that wealth creation will slow next year, along with the growth in millionaires and the feverish consumption and collecting sprees of the wealthy.
The great riches showered upon the asset-rich from central banks—and by extension stocks—may continue for the first half of the year. But by the second half, if the economy improves, the Fed could start to dial back its asset purchases and interest rates could drift higher. That would hit stocks, either with a painful correction or a slowdown. The wealthy, who hold most of the stocks, would bear the brunt of the hit.
(More predictions: Best portfolio moves for 2014)
Will it be a body blow or just the pause that refreshes?
Either way, the money and mood of the wealthy will probably be more subdued next year.