View the latest news and breaking news today for U.S., world, weather, entertainment, politics and health at theNews Linzer
Tuesday, March 21, 2017
Monday, March 20, 2017
TIL 70% of millionaires do not consider themselves "wealthy"
Are all millionaires wealthy? Not if you ask them.
A whopping 70% of those with at least $1 million in assets that are invested or available to invest, excluding home values, don't consider themselves to be wealthy, according to a survey of 4,500 affluent investors by UBS. Rather, it's only when they hit the $5 million mark that millionaires begin to feel "wealthy."
Why $5 million? Apparently, that's the level at which most rich people feel they have "no constraints on activities," according to the survey.
In addition to feeling like money is no object, most wealthy people also find it important to hold a substantial amount of their fortune in cash because it helps them feel more secure.
"Holding a significant amount of cash is is a critical component of investor confidence, as investors believe these are assets they won't lose," the survey said. "Investors aren't quick to forget the significant losses they endured in 2008."
For the past several years, affluent investors have been holding about 20% of their assets in cash. And though they are aware that cash can lose value over time due to inflation, wealthy investors say they still need significant cash holdings to give them peace of mind.
Calculator: When will you be a millionaire?
Even though they're setting aside a sizable portion of their assets for a rainy day, a majority of respondents are optimistic about the economy and their personal financial situations over the long term.
Read Full Content : money.cnn.com
Sunday, March 19, 2017
Saturday, March 18, 2017
Friday, March 17, 2017
Thursday, March 16, 2017
The legend of the three kingdoms (joke)
There were three kingdoms, each bordering on the same lake. For centuries, these kingdoms had fought over an island in the middle of that lake. One day, they decided to have it out, once and for all. The first kingdom was quite rich, and sent an army of 25 knights, each with three squires.
The night before the battle, the knights jousted and cavorted as their squires polished armor, cooked food, and sharpened weapons. The second kingdom was not so wealthy, and sent only 10 knights, each with 2 squires. The night before the battle, the knights cavorted and sharpened their weapons as the squires polished armor and prepared dinner. The third kingdom was very poor, and only sent one elderly knight with his sole squire. The night before the battle, the knight sharpened his weapon, while the squire, using a noosed rope, slung a pot high over the fire to cook while he prepared the knight's armor.
The next day, the battle began. All the knights of the first two kingdoms had cavorted a bit too much (one should never cavort while sharpening weapons and jousting) and could not fight. The squire of the third kingdom could not rouse the elderly knight in time for combat. So, in the absence of the knights, the squires fought. The battle raged well into the late hours, but when the dust finally settled, a solitary figure limped from the carnage. The lone squire from the third kingdom dragged himself away, beaten, bloodied, but victorious. And it just goes to prove, the squire of the high pot and noose is equal to the sum of the squires of the other two sides.
The night before the battle, the knights jousted and cavorted as their squires polished armor, cooked food, and sharpened weapons. The second kingdom was not so wealthy, and sent only 10 knights, each with 2 squires. The night before the battle, the knights cavorted and sharpened their weapons as the squires polished armor and prepared dinner. The third kingdom was very poor, and only sent one elderly knight with his sole squire. The night before the battle, the knight sharpened his weapon, while the squire, using a noosed rope, slung a pot high over the fire to cook while he prepared the knight's armor.
The next day, the battle began. All the knights of the first two kingdoms had cavorted a bit too much (one should never cavort while sharpening weapons and jousting) and could not fight. The squire of the third kingdom could not rouse the elderly knight in time for combat. So, in the absence of the knights, the squires fought. The battle raged well into the late hours, but when the dust finally settled, a solitary figure limped from the carnage. The lone squire from the third kingdom dragged himself away, beaten, bloodied, but victorious. And it just goes to prove, the squire of the high pot and noose is equal to the sum of the squires of the other two sides.
Subscribe to:
Posts (Atom)
Featured post
Marvel executive says emphasis on diversity may have alienated readers
Marvel’s vice president of sales has blamed declining comic-book sales on the studio’s efforts to increase diversity and female char...
-
'Magic Mushrooms' May Permanently Alter Personality By Stephanie Pappas, Live Science Contributor Just one strong dose of ha...
-
Mesothelioma Survival rates are often be used by doctors as a standard way of discussing a person’s prognosis (outlook). Many people want t...
-
OAKLAND, Calif - On the grounds of the Old School, they will go out mimeographed duplicates of the container score from Game 5 of the 2016 ...



