Wealth

Ask about your options for paying the down payment and closing costs, said Allan, who blogs about personal finance at FrugalBeautiful.com and now, after her experience, at Realestatewirefraud.com. You may be able to bring a paper certified check or cashier’s check to the closing or an agent’s office ahead of time, avoiding the possibility the
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The University of Pennsylvania has produced more billionaires than any other university, according to Forbes. In a ranking of the schools that produce the most billionaires, Forbes said UPenn beat out Harvard and Yale to take the top spot. Thanks in large part to its Wharton School of Business, UPenn has 18 graduates who are
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Before you start spending, take stock of any obligations or costs around the inheritance, said Susan Bradley, a certified financial planner and the founder of the Sudden Money Institute in Palm Beach Gardens, Fla. “If it’s not liquid, readily available money, you’re going to have a to-do list,” she said. For example, should you inherit
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China’s new digital barons are rising. One of its most ambitious global deal makers is falling. And a property mogul who likes to borrow heavily is on top. Xu Jiayin — an entrepreneur behind China Evergrande Group, one of the country’s most aggressive property developers — has become the country’s richest person, according to a
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The only thing more spectacular than the estate’s one-of-a-kind design is its palm tree-dotted backyard. Steps away from the mansion’s private surf lodge is an infinity pool, which overlooks the property’s 100 feet of oceanfront. “This house without a doubt is one of a kind,” says Hertzberg. “I challenge you ever to find another house
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Financial watchdogs in Europe and Asia are investigating Standard Chartered Plc over the transfer of $1.4 billion of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter. The Monetary Authority of Singapore (MAS) and Guernsey’s Financial Services Commission are looking into the
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Insurance giant Aviva has bought a majority stake in a British start-up that manages diversified investment plans. The insurer said Thursday it would allow customers to access “robo” investment firm Wealthify’s services via its app MyAviva. Based in Cardiff, Wales, Wealthify is targeted at millennials and offers five different investment plans via tax-free Individual Savings
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Researchers have identified more than 100 behavioral biases that can undercut effective investment decision-making, according to Michael Pompian, founder and partner at Sunpointe Investments and author of “Behavioral Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor Biases.” In a course taught for the CFA Institute, Pompian identifies seven biases as
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Manhattan apartment sales were the strongest in two years, although prices at the top end continue to come under pressure. Total sales increased 13 percent in the third quarter compared with a year ago, according to a report from Douglas Elliman Real Estate and Miller Samuel Real Estate Appraisers and Consultants. Yet stronger sales were
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Most of the wealth was in Asia-Pacific, but North America came just 0.8 percent short with 18 percent of the global wealth. Europe placed third with 14.7 percent. Similarly, most millionaires resided in the Asia-Pacific region, 5.5 percent of them in total. North America followed suit, hosting 5.2 percent of the world’s millionaires and Europe
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America’s top 1% now control 38.6% of the nation’s wealth, a historic high, according to a new Federal Reserve Report. The Federal Reserve’s Surveys of Consumer Finance shows that Americans throughout the income and wealth ladder posted gains between 2013 and 2016. But the wealthy gained the most, driven largely by gains in the stock
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As a New Yorker, I am picky and personal about my pizza. I like a thin crust, fresh tomato sauce that’s not too sweet and whenever possible, fresh basil on the mozzarella. So it was with some reticence (and mild horror) that I found myself picking up a slice of pizza in downtown Manhattan recently
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Singapore landed the top spot for the third year running in 2017, thanks to its strong performance across the full range of economic, experience and family criteria. The city scored especially highly with regards to improving earnings and job prospects. The average annual salary comes in at $117,904. This is $18,000 higher than the average
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