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Tag: wealth

Creating Wealth through the Right Asset Allocation

Creating Wealth through the Right Asset Allocation

Finance
Asset Allocator“Human behavior flows from three main sources”, said Plato “Desire, Emotion and Knowledge”. It is very clear, in theory, that in the world of investing - emotion and desire should not play a part and the decision to invest must solely be made on knowledge. Reality, however, is very different. We usually end up making investment decisions based not on knowledge but on fear. Fear of falling markets and therefore risk losing more money or, as today’s generation so eloquently terms it - FOMO or the Fear Of Missing Out. Fear of missing out on that supposed great stock or stock market rally which could double your investment overnight (such rumours are rarely, if ever, true). Creating wealth out of one’s savings requires time, dedication, discipline and most importantly patienc
World's rich grew by $2.5B a day in 2018 as poor's wealth dropped, Oxfam claims

World's rich grew by $2.5B a day in 2018 as poor's wealth dropped, Oxfam claims

World
Jan. 21 (UPI) -- The economic divide between the world's haves and have-nots widened last year, as the planet's billionaires saw their collective wealth increase by $ 2.5 billion a day while humanity's poorest half saw its wealth drop by 11 percent, a report published Monday by Oxfam showed. Published a day before the start of the World Economic Forum in Davos, Switzerland, the "Public Good or Private Wealth" report by the anti-poverty NGO states that the number of billionaires has almost doubled since the 2008 financial crisis while the world's corporations and super rich are "undertaxed." "Governments have been reducing both the top rate of personal income tax and the rate of corporate income tax over the long term," the report said, adding that if this were reversed, countries could af...
India’s personal wealth may grow at 13%: Report

India’s personal wealth may grow at 13%: Report

Finance
NEW DELHI: The country’s personal wealth is expected to grow at a CAGR of 13% to $ 5 trillion by 2022 from $ 3 trillion in 2017 to get the rank of 11th wealthiest nation globally by 2022, improving its rank by four places from 2017, said a report by Boston Consulting Group. India’s personal wealth was estimated to be $ 3 trillion in 2017. The US leads the chart in terms of total personal wealth with $ 80 trillion in 2017, which is projected to touch $ 100 trillion by 2022. China is ranked second, with a total personal wealth of $ 21 trillion, which is expected to more than double to $ 43 trillion by 2022. The report noted that India constitutes the second largest pool of wealth from emerging markets in the coming years, with $ 2.2 billion. It is the fifth largest Asian market in number of
Wells Fargo said to be investigating reports of gender bias in its wealth division

Wells Fargo said to be investigating reports of gender bias in its wealth division

Finance
Wells Fargo has been investigating internal complaints of gender bias in its wealth management division for months and is looking into at least one formal human resources complaint about the division's head, a man, according to a report in The Wall Street Journal on Friday. Female executives at Wells Fargo have raised concerns about gender bias in the bank's wealth management division, the Journal reported. A dozen women who are executives in the division met in Scottsdale, Arizona, in June to discuss the concerns, particularly the lack of women in senior roles. The Journal talked to six women who are Wells Fargo executives who either attended ...
Deferring compensation now could build retirement wealth tomorrow

Deferring compensation now could build retirement wealth tomorrow

Finance
It's that time of the year again, when deferred compensation elections must be made ahead of the June 30 deadline. Deferred compensation is a benefit to higher-paid employees as a way to set aside additional funds for retirement. It is also a key attraction and retention tool for executives in this competitive marketplace; deferred compensation can provide new key employees a greater fringe benefit, and an important employee can be deterred from leaving, if leaving means the loss of a match or appealing investment alternatives. As such, many organizations have taken notice and increased the availability o...