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 One Simple Rule to Win at Life! People are programmed to pursue physical, psychological, and emotional security and comfort. However, if we give into our natural tendencies to always take the easy route then we won’t have a very meaningful or fulfilling life. That’s why it’s necessary to do what’s emotionally most uncomfortable. So if we want… 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 »
I recently read an article called “Perfection Anxiety” from an old copy of Vanity Fair magazine. In it 25 year old Petra Ecclestone, the daughter of Formula One mogul Bernie, and her recently married husband, bought an $85,000,000 mansion in Los Angeles. Wow, and I thought Vancouver real estate was expensive. 😛 Before moving in to their new home… Read More »