Which city has the highest percentage of millionaires? Monaco, where nearly one in three are millionaires.» Read More
As Asia Slows, Luxury Watchmakers Count on Elite Buyers
Is this a good time to put all your investments in cash, just for a little while, until things calm down? Almost certainly not.
QTIPs, are often used to guarantee an inheritance to children of an earlier marriage.
During the crisis, so-called smart money seems to be avoiding three categories: index funds, dividend-paying companies and small-caps. On paper, that seems to make perfect sense. In fact, some of these ideas haven’t panned out, says the New York Times.
What is a regular investor to make of it all? What about people who have money in bank accounts? The New York Times provides some answers to questions that are probably on your mind.
Doormen, swimming pools, dry-cleaning – these are some of the perks one expects at pricey Manhattan apartments, but now you can add concierge services for dogs to the list.
After six months as the reigning "World's Richest Billionaire," Warren Buffett has lost his title, and a few billion dollars. The Forbes 400 list of the richest Americans has just been released, and Buffett's friend Bill Gates, the former Microsoft Chairman, is at the top of the rankings, with an estimated net worth of $57 billion. That tops Buffett's $50 billion, although he's still number two out of 400 on the Forbes list of the nation's super-rich.
Just as the slowing economy has made access to cash a higher priority for a lot of small businesses, banks have been offering “small business” credit cards, the New York Times reports.
Cash is an increasingly attractive asset, says the New York Times. How much money should you pull out of the market? Once you have decided, here are some means of reaching your cash management goals.
The publicity machine is getting revved up for the release later this month of the new authorized biography of Warren Buffett. This morning, more than 400 Sunday newspapers around the country featured Parade Magazine with a smiling Buffett on the cover. The somewhat optimistic headline: 10 Ways to Get Rich - Warren Buffett's Secrets That Can Work For You.
In this volatile market, investors have been understandably preoccupied with the day-to-day swings in stock prices. But instead of fixating on ticker movements, you might better spend your time paying attention to how this slide is affecting your long-term asset allocation strategy.
If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall.
The stock market swoon over Fannie Mae and Freddie Mac this week has left many consumers scratching their heads, wondering if buying a home is a worse idea than it was seven days ago or whether to take down the “for sale” sign in the yard.
New York Times business writer David Leonhardt has been an evangelist for renting, not owning, your house. Exactly how did he come to change his mind?
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The economic slowdown has swelled the ranks of people without health insurance. But now it is also threatening millions of people who have insurance but find that the coverage is too limited or that they cannot afford their own share of medical costs.
This is a story about the other homeowners. Not the ones who are having trouble making their mortgage payments and getting all the attention lately. No, this is about the homeowners who do not owe any money on their primary residences because they have paid off their loans.
Home foreclosures are now hitting the nations wealthiest communities.
Warren Buffett is now the world's richest person, topping the just-released Forbes 2008 ranking of global billionaires, with an estimated wealth of $62 billion. He bumps Microsoft's Bill Gates from the number one spot, a position Gates held for 13 consecutive years. Mexico's Carlos Slim is number two.
Warren Buffett tells CNBC's Becky Quick, with his familiar laugh, that he was able to replace Microsoft's Bill Gates as the world's richest person because he "spends less." In a brief off-camera telephone chat about Forbes' new list of global billionaires, with Buffett and his estimated $62 billion in the top position, the Berkshire Hathaway chairman joked that "it's a tribute to thriftiness."
Advisors are using exchange-traded funds in clients' portfolios, citing transparency and a demand for lower-cost investments.
They may not be the most desirable client segment now, but advisors need to win over Gen X and Gen Y investors.
Home sales are surging, and summer is a big season for deals. Here are eight mistakes that homebuyers need to avoid.