2016 is turning out to be a spectacular year for equity investors. 🙂 The Canadian S&P/TSX index is up 17% year to date, while the Dow Jones index in the United States is up 14%. Wow! That’s impressive even by historical standards. The markets have done an excellent job of beating expectations lately. 😀 We could even see the Dow hit… Read More »
More Millionaires The best way to make a lot of money is to work for the mint. 😄 But even if you don’t, chances are your finances have been improving. About 25,000 Canadians became millionaires in the past year according to a report released last week by Credit Suisse. The bank claims that there are currently 1,117,000 individual adults with net assets… Read More »
Asset Allocation for the Wealthy I don’t always recognize good investment opportunities when I see them. But I do know that we should never invest in funerals… because it’s a dying industry. But when I run out of investment ideas I usually turn to the wealthy. I think it’s extremely important to follow what rich people do. It gives us insight about financial… Read More »
Expensive Diamond Sells for Record Price In 2014 Hong Kong real estate mogul Joseph Lau bought his daughter, Zoe, a rare 10 carat blue diamond for $32.6 million! But when his other daughter, Josephine, found out she understandably became jealous and asked him for an expensive diamond too. He couldn’t help but feel guilty and obliged to buy her something special as well.… Read More »
Discreet Success What I appreciate the most about investing is the option to be inconspicuous about it. ? If someone buys a detached house in an affluent neighborhood like Lawrence Park for $5 million, then people will know he’s rich. There is no way to hide his wealth from his close friends or his employer. If he drives to work in a comfortable Aston Martin One-77 then… Read More »
The annual world’s wealth report by Credit Suisse financial group was recently released. For the first time in history, the top 1% of the world’s richest now owns 50% of all the wealth. And I bet they’re working hard to get the rest, lol. 😀 Here are some of the highlights I found interesting from the report. Wealth is defined… Read More »