Posted on June 12, 2019
The difference between the wealth of the top 1% and people with middle-income is huge. While the middle class have most of their money stuck in their main residence, the richest only keep 7.6% of their wealht in it. There’s one important lesson we can learn: the richer someone is, the more diversified portfolio they have.
Posted on June 05, 2019
Demand for gold remained high in the first quarter of 2019. After a record-breaking last year, it had its best kick-off in 6 years. Its stable performance lead Malaysian Prime Minister to word his idea about a gold-backed currency for East Asian trading. Why? Because the precious metal is harder to manipulate than currencies.
Posted on May 29, 2019
John D. Rockefeller is considered to be the first billionaire in history. Not only that, according to a new study, he might have been the richest man ever. If we adjust his wealth to today’s GDP, we can see that he had three times more money than Jeff Bezos. It’s an unusual method to calculate wealth but shows us some very interesting things.
Posted on May 23, 2019
We all know people who are always on their phones and sharing every fancy moment they can. Is it annoying? Maybe, but they might be the victim and the cause of one very interesting thing: irrational overspending due to social media. Studies started to focus on the connection between financial decisions and these mediums, and found out scary things.
Posted on May 15, 2019
Two American cities win the global race of billionaires. New York has more billionaires than any other cities in the world, while San Francisco is the most dense in billionaires. The US remained strong in another metric, too, but there were some other winners in 2018.