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Investments and Lifestyles of the Rich - Millionaire Corner

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Jan 05th
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Investors Unfazed by Mutual Fund Scandals

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A significant number of individuals who own mutual funds don’t understand the improper trading once practiced by some fund managers and aren’t particularly concerned about the matter.

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Boomers May Sell Homes for Retirement

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Generations past could count on Social Security and, perhaps, employer-sponsored pensions to provide a steady flow of income throughout retirement.

 

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Internet Use Increasing Among Wealthy

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Virtually all of the very rich use the Internet, at least for personal and business correspondence.

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Tax Reduction Not a Major Interest

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Less than half of affluent individuals are interested in exploring ways to reduce their taxes.

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Investment Planning Not the Norm

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Despite widespread media reports of the importance of saving for retirement, less than half of those who participate in employer-provided retirement plans have a well defined investment strategy.

 

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