Not exact matches
It all has to do
with the near explosion of one of China's notorious
wealth management product s — pools of allegedly low risk securities that return one
average 2 % more than bank deposits.
The 2016 figures showed a further worsening of Hong Kong's
wealth gap, as the richest 10 per cent of households -
with a median monthly income of HK$ 112,450 - earned 44 times more than the poorest 10 per cent making an
average of HK$ 2,560.
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[16:00] Pain + reflection = progress [16:30] Creating a meritocracy to draw the best out of everybody [18:30] How to raise your probability of being right [18:50] Why we are conditioned to need to be right [19:30] The neuroscience factor [19:50] The habitual and environmental factor [20:20] How to get to the other side [21:20] Great collective decision - making [21:50] The 5 things you need to be successful [21:55] Create audacious goals [22:15] Why you need problems [22:25] Diagnose the problems to determine the root causes [22:50] Determine the design for what you will do about the root causes [23:00] Decide to work
with people who are strong where you are weak [23:15] Push through to results [23:20] The loop of success [24:15] Ray's new instinctual approach to failure [24:40] Tony's ritual after every event [25:30] The review that changed Ray's outlook on leadership [27:30] Creating new policies based on fairness and truth [28:00] What people are missing about Ray's culture [29:30] Creating meaningful work and meaningful relationships [30:15] The importance of radical honesty [30:50] Thoughtful disagreement [32:10] Why it was the relationships that changed Ray's life [33:10] Ray's biggest weakness and how he overcame it [34:30] The jungle metaphor [36:00] The dot collector — deciding what to listen to [40:15] The wanting of meritocratic decision - making [41:40] How to see bubbles and busts [42:40] Productivity [43:00] Where we are in the cycle [43:40] What the Fed will do [44:05] We are late in the long - term debt cycle [44:30] Long - term debt is going to be squeezing us [45:00] We have 2 economies [45:30] This year is very similar to 1937 [46:10] The top tenth of the top 1 % of
wealth = bottom 90 % combined [46:25] How this creates populism [47:00] The economy for the bottom 60 % isn't growing [48:20] If you look at
averages, the country is in a bind [49:10] What are the overarching principles that bind us together?
[01:10] Introduction [02:45] James welcomes Tony to the podcast [03:35] Tony's leap year birthday [04:15] Unshakeable delivers the specific facts you need to know [04:45] What James learned from Unshakeable [05:25] Most people panic when the stock market drops [05:45] Getting rid of your fear of investing [06:15] Last January was the worst opening, but it was a correction [06:45] You are losing money when you sell on corrections [06:55] Bear markets come every 5 years on
average [07:10] The greatest opportunity for a millennial [07:40] Waiting for corrections to invest [08:05] Warren Buffet's advice for investors [08:55] If you miss the top 10 trading days a year... [09:25] Three different investor scenarios over a 20 year period [10:40] The best trading days come after the worst [11:45] Investing in the current world [12:05] What Clinton and Bush think of the current situation [12:45] The office is far bigger than the occupant [13:35] Information helps reduce fear [14:25] James's story of the billionaire upset over another's
wealth [14:45] What money really is [15:05] The story of Adolphe Merkle [16:05] The story of Chuck Feeney [16:55] The importance of the right mindset [17:15] What fuels Tony [19:15] Find something you care about more than yourself [20:25] Make your mission to surround yourself
with the right people [21:25] Suffering made Tony hungry for more [23:25] By feeding his mind, Tony found strength [24:15] Great ideas don't interrupt you, you have to pursue them [25:05] Never - ending hunger is what matters [25:25] Richard Branson is the epitome of hunger and drive [25:40] Hunger is the common denominator [26:30] What you can do starting right now [26:55] Success leaves clues [28:10] What it means to take massive action [28:30] Taking action commits you to following through [29:40] If you do nothing you'll learn nothing [30:20] There must be an emotional purpose behind what you're doing [30:40] How does Tony ignite creativity in his own life [32:00] «How is not as important as «why» [32:40] What and why unleash the psyche [33:25] Breaking the habit of focusing on «how» [35:50] Deep Practice [35:10] Your desired outcome will determine your action [36:00] The difference between «what» and «why» [37:00] Learning how to chunk and group [37:40] Don't mistake movement for achievement [38:30] Tony doesn't negotiate
with his mind [39:30] Change your thoughts and change your biochemistry [40:00] The bad habit of being stressed [40:40] Beautiful and suffering states [41:50] The most important decision is to live in a beautiful state no matter what [42:40] Consciously decide to take yourself out of suffering [43:40] Focus on appreciation, joy and love [44:30] Step out of suffering and find the solution [45:00] Dealing
with mercury poisoning [45:40] Tony's process for stepping out of suffering [46:10] Stop identifying
with thoughts — they aren't yours [47:40] Trade your expectations for appreciation [50:00] The key to life — gratitude [51:40] What is freedom for you?
For Howard «Buddy» Goldman III, a
wealth management adviser for Northwestern Mutual in Owings Mills, Monday started
with a phone call from one of his clients, an elderly woman who'd been watching the news as the Dow Jones industrial
average plummeted more...
A recent paper by the BlackRock Retirement Institute (BRI) based on research in conjunction
with the Employee Benefit Research Institute (EBRI) found that on
average across all
wealth levels, most current retirees still have 80 % of their pre-retirement savings after almost two decades in retirement.
Let's illustrate how a couple,
with a savings rate above
average, can come to very different conclusions on the
wealth they need to achieve to retire, depending on the calculation they use.
«The beauty of dollar cost
averaging is that it works in any market, regardless if the market is down, or the market is up,» said Ryan Repko, a financial planner
with Ruedi
Wealth Management in Champaign, Ill..
Green also reminded the Congressional members present that the «unregulated OTC derivatives market was at the heart of the 2007 - 2008 financial crisis, which cost 8.7 million Americans their jobs, 10 million families their homes, and eliminated 49 percent of the
average middle - class family's
wealth compared
with 2001 levels.»
I believe that
averaging down
with stocks is an important way to build
wealth over the long term.
Many people tout the virtues of stock investing, especially because history shows that the stock market has provided one of the greatest sources of long - term
wealth,
with compounded returns
averaging 10 percent per year over the past 100 years.
In one eastern college the students, far above
average in
wealth and brains, spent a year deciding the subject for a week's religious program and came up
with the title, «Anxiety, Despair and Faith: the Search for Meaning in Life.»
Many oil or mineral rich monarchies or authoritarian regimes use nationalized / royalty owned oil and / or mineral
wealth to dramatically limit domestic taxation and to fund a welfare state for
average citizens, sometimes
with straight cash dispersals, sometimes
with heavily subsidized prices for certain essentials of life, and sometimes by heavily subsidizing services like health care and education.
Currently in the UK,
wealth taxes are a tiny proportion of total tax income (although above
average compared
with other OECD countries).
Whilst those
with an existing heart condition should always consult their health professional before embarking on any health and fitness regime, for the
average healthy individual, saunas offer a
wealth of health benefits and are an excellent recovery tool after exercise.
Nevada is one of only 10 states
with negative
wealth - neutrality scores, meaning that, on
average, property - poor districts actually have more state and local revenue for education than wealthy districts do.
But Oklahoma is one of only 10 states
with negative
wealth - neutrality scores, meaning that, on
average, property - poor districts actually have more state and local revenue for education than wealthy districts do.
A Black student in a district
with below -
average property
wealth (less than $ 6,363 per pupil) has an adequacy level of 61 %, but his peer in a wealthier school district is only a bit better at 69 %.
Funding in some «basic aid» districts — the roughly 10 percent of districts
with enough property
wealth to finance schools outside of state funding — has exceeded the
average by $ 3,000 or more per student.
Thanks to the growth of online banking, you can find a
wealth of information on accounts
with interest rates that generally stay far above the
average for brick - and - mortar savings accounts.
Capital
Wealth Planning is at the front lines and is one if the industries rising all - stars when it comes to offering a mega cap equity blue chip SMA
with a tactical covered call overlay that covers 30 - 60 % of the portfolio on
average, generating a modest 5 - 7 % income stream from dividends and covered call premiums.
This concerning mix of lower accumulation of
wealth and higher than
average unsecured debt, combined
with the ever changing nature of military life, can create a difficult and dangerous financial cycle.
If you have any real experience
with socking
wealth away, protecting it in some form or helping others to do so, you will be profoundly happy
with a 9.7 %
average return over a long period of time.
What can not be argued is that extended long term medical care is one of the most significant factors in estate reduction for those
with moderate to above
average wealth.
Thomas Stanley and William Danko, in their fascinating behavioral finance book, The Millionaire Next Door, surprised many of us
with their research suggesting that visible affluence may actually be a sign of lesser net worth,
with the
average American millionaire exhibiting surprisingly few outward displays of
wealth.
Yes,
wealth's probably correlated
with longevity, but CDC data may actually prove just that — i.e. the rich are already the longer living citizens, on
average, and it's already in the data?
Secondly,
wealth levels rose
with both education and
average family income.
Merrill Lynch clients
with a 3 - month
average combined balance of at least $ 250,000 and an active, eligible Bank of America personal checking account and all U.S. Trust ® clients are eligible for the Banking Rewards for
Wealth Management program.
While an individual in the HENRY segment may not have amassed the
wealth to purchase an expensive new home
with cash, such high - income individuals do usually have better credit scores and more extensively established credit histories than the
average home buyer seeking a conventional mortgage loan for a lower amount.
Nest
Wealth accounts
with more than $ 10,000 use ETFs
with average MERs of about 0.13 %.
That is roughly in line
with both last year's
average score and the
average in 2007, before the market meltdown and recession wiped out many Americans»
wealth.
The ultimate show of reckless
wealth (or, at least, the perception of it), fancy cards
with unlimited credit are great ways to make a movie statement, but they're hardly practical for the
average consumer.
4) The study seems not to be designed to assess the possibility that
wealth is the primary determinant of ecological impact: i.e., that people
with more money burn more world on
average regardless of their beliefs.
Poverty is at record levels,
with great spikes along racial lines (10 % + higher than the national
average) and for young families
with children (incredibly 37 %) as is
wealth inequality.
The
average starting salary is $ 43,500 for these students,
with a chance to accrue more
wealth over the length of their employment term.
During the recovery of the Great Recession, income inequality in the United States accelerated,
with 91 % of the gains going to the top 1 % of families.19 Left out of the recovery were African American families who, during the downturn, lost an
average of 35 % of their accumulated
wealth.20 African American unemployment increased, home ownership decreased, and child poverty deepened to approximately 46 % of children younger than 6 years.21 Because social mobility is lowest for people in the lowest income quartile, half of African American children who are poor as young children will remain poor as adults, approximately twice as many as white adults similarly exposed to poverty as children.22
Women who were widowed after age 50 possess more than double the
wealth of the
average grey divorcee because they have not had to share assets
with a divorcing husband.
«Nationwide during the past year, the
average gain in housing
wealth was about $ 11,000 per homeowner, but
with wide geographic variation.»
Their latest report defined The New Aristocracy as «consumers aged 25 — 49, exhibiting a strong preference (78 %) for large homes
with square footage over 5,000 square feet, generally grew up
with wealth and anticipate inheriting on
average $ 4M.»
Family office investment portfolios rallied impressively in 2016 at an
average return of 7 %, driven by returns from equities, up from the
average of 0.3 % in 2015, according to latest Global Family Office Report 2017 by Campden
Wealth in partnership
with UBS.
Instead of taking the less than 1 % that made it in business, etc and using them as a reference to compare
with a newbie investing in real estate, take what the
average business, sales person, corporate person makes and compare it to an experienced investor, and I'll bet the experienced investor's
wealth will be a lot greater and the amount of time that they work is a lot less.
The biggest problem
with everyone thinking real estate will build
wealth is believing in the
average advice from
average people that invest.