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Re: Only Scythians are allowed to collect scalps.. *LINK*

NEW YORK (Reuters) – The rich grew richer last year, even as the world endured the worst recession in decades.

A stock market rebound helped the world's ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report.

Stock values rose by half, while hedge funds recovered most of their 2008 losses, in a year marked by government stimulus spending and central bank easing.

"We are already seeing distinct signs of recovery and, in some areas, a complete return to 2007 levels of wealth and growth," Bank of America Corp wealth management chief Sallie Krawcheck said.

The fastest growth in wealth took place in India, China and Brazil, some of the hardest hit markets in 2008. Wealth in Latin America and the Asia-Pacific soared to record highs.

Asia's millionaire ranks rose to 3 million, matching Europe for the first time, paced by a 4.5 percent economic expansion.

Asian millionaires' combined wealth surged 31 percent to $9.7 trillion, surpassing Europe's $9.5 trillion.

In North America, the ranks of the rich rose 17 percent and their wealth grew 18 percent to $10.7 trillion.

The United States was home to the most millionaires in 2009 -- 2.87 million -- followed by Japan with 1.65 million, Germany with 861,000, and China with 477,000.

Switzerland had the highest concentration of millionaires: nearly 35 for every 1,000 adults.

Yet as portfolios bounced back, investors remained wary after a collapse that erased a decade of stock gains, fueled a contraction in the global economy and sent unemployment soaring.

The report, based on surveys with more than 1,100 wealthy investors with 23 firms, found that the rich were well served by holding a broad range of investments, including commodities and real estate.

"The wealthy allocated, as opposed to concentrated, their investments," Merrill Lynch head of U.S. wealth management Lyle LaMothe said in an interview.

Millionaires poured more of their money into fixed-income investments seeking predictable returns and cash flow. The challenge ahead for brokers is convincing clients to move off the sidelines and pursue riskier, more fruitful investments.

"There is still a hesitancy," LaMothe said. "Liquidity is incredibly important and people need cash flow to preserve their lifestyle -- but they want to replace that cash flow in a way that does not increase their risk profile."

The report found that investor confidence in advisers and regulators remains shaken. The rich are actively managing their investments, seeking customized advice and demanding full disclosure about the securities they buy.

There were signs that investors were shaking off their concerns. Families that kept money closer to home during the crisis began shifting money to foreign markets, particularly the developing nations.

North American and European investors are expected to increase their exposure to Asian markets, which are projected to lead the world in economic expansion. Europe's wealthy are seen increasing their U.S. and Canadian holdings.

More wealthy clients also are taking a harder look at large companies that pay healthy dividends, as an alternative to bonds and their razor-thin yields.

"Investors are open to areas they hadn't thought about before as they try to preserve their ability to be philanthropic, to preserve their lifestyle," LaMothe said. "To me, the report underscored clients are involved and they're not inclined to stay in 1 percent savings accounts."

(Reporting by Joseph A. Giannone; editing by John Wallace)

Messages In This Thread

Rothschild & Freshfields founders linked 2 slaver *LINK*
Re: Rothschild & Freshfields founders linked 2 sla
Re: Rothschild & Freshfields founders linked 2 sla
Only Scythians are allowed to collect scalps... *LINK*
For Africans an apology will suffice. *NM*
Re: Only Scythians are allowed to collect scalps.. *NM* *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Featherless Vultures *LINK*
Re: Featherless Vultures
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps..
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps..
Re: Only Scythians are allowed to collect scalps..
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps..
Re: Only Scythians are allowed to collect scalps.. *NM* *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps..
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *NM* *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *NM* *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps..
Re: Only Scythians are allowed to collect scalps..
Re: Only Scythians are allowed to collect scalps..
Iceland emerges without capitulating to bankers *LINK*
Re: Iceland emerges without capitulating to banker *NM* *LINK*
The Prince and his Consort were attacked today
This is COLD *NM* *LINK*
Icelandic measures might be necessary *LINK*
Re: Icelandic measures might be necessary *LINK*
Re: Icelandic measures might be necessary *LINK*
The making of Africa's Housing Crisis *LINK*
Re: The making of Africa's Housing Crisis *NM* *LINK*
Greece isn't all we have to worry about *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *NM* *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
The "Unforgivable Blackness" of Lebron James.
Re: Only Scythians are allowed to collect scalps.. *LINK*
THE CHOSEN ONE *LINK*
Re: THE CHOSEN ONE *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
Re: Only Scythians are allowed to collect scalps.. *NM* *LINK*
Re: Only Scythians are allowed to collect scalps.. *LINK*
The "Nature" of the Semite. *LINK*
Re: The "Nature" of the Semite. *LINK*
Re: The "Nature" of the Semite. *LINK*
Re: The "Nature" of the Semite. *LINK*
Re: The "Nature" of the Semite. *LINK*
Re: The "Nature" of the Semite. *LINK*
Re: The "Nature" of the Semite. *NM* *LINK*
Re: Rothschild & Freshfields founders linked 2 sla *LINK*
Re: Rothschild & Freshfields founders linked 2 sla
Re: Rothschild & Freshfields founders linked 2 sla *LINK*
Goldman Sachs *LINK*
Re: Goldman Sachs
Re: Goldman Sachs
Re: Goldman Sachs
Cash for Gold...
A.I.G. Credit Default Swaps... *LINK*
If the public wont accept your choice... *LINK*
not sure if this is connected . . . *LINK*
Re: not sure if this is connected . . .
"PAY TO PLAY" at the expense of U.S. citizens *LINK*
Re: not sure if this is connected . . .
Re: not sure if this is connected . . .
Re: not sure if this is connected . . .
Why no punishment for CEO greed *LINK*
Extreme Capitalism *NM* *LINK*
Re: Extreme Capitalism *LINK*
Former V.P. Dick Cheney has heart transplant *LINK*
Where will this "Innovation Explosion"...
gee whiz, kween...
Nothing ventured, nothing gained *LINK*
Re: Nothing ventured, nothing gained *LINK*
No Guitar Superhero! *LINK*
Re: No Guitar Superhero!
Re: No Guitar Superhero!
Re: No Guitar Superhero!
Re: No Guitar Superhero!
Viva Chavez *LINK*
One man's vision; gotta love those Capricorns. *LINK*
Re: One man's vision; gotta love those Capricorns. *LINK*
less glamorous and brilliant *NM* *LINK*
Re: less glamorous and brilliant
Re: less glamorous and brilliant
Re: No Guitar Superhero! *LINK*
Vox Idiotai!
Re: Vox Idiotai!
Re: Vox Idiotai!
The Problem with Socialism...
Re: The Problem with Socialism...
A time to sow... *NM* *LINK*
A Dutch with the name KOCH... *LINK*
Tea Party Financiers Owe Their Fortune to Stalin *LINK*
re: *NM* *LINK*
The "Kochtopus"
Why Obama is a radical? *LINK*
Re: Why Obama is a radical? *LINK*
The Billionaires Bankrolling the Tea Party *LINK*
Reclaiming the Dream and Brand Obama *NM* *LINK*
Re: The Billionaires Bankrolling the Tea Party
Re: The Billionaires Bankrolling the Tea Party *LINK*
Re: The Billionaires Bankrolling the Tea Party *LINK*
Re: The Billionaires Bankrolling the Tea Party *LINK*
Re: The Billionaires Bankrolling the Tea Party
Re: The Billionaires Bankrolling the Tea Party
Re: The Billionaires Bankrolling the Tea Party *NM* *LINK*
Re: The Billionaires Bankrolling the Tea Party *LINK*
Re: The Billionaires Bankrolling the Tea Party
Re: The Billionaires Bankrolling the Tea Party *LINK*
Re: The Billionaires Bankrolling the Tea Party *LINK*
Re: The Billionaires Bankrolling the Tea Party *LINK*
How to change a liability into an asset... *LINK*
Re: How to change a liability into an asset... *LINK*
Re: The Billionaires Bankrolling the Tea Party *LINK*
A tea party message in Patriot Act defeat *LINK*
a DHS response . .. *NM* *LINK*
Re: A tea party message in Patriot Act defeat *LINK*
U.S. Is Set to Sue a Dozen Big Banks *LINK*
Re: U.S. Is Set to Sue a Dozen Big Banks *LINK*
Re: U.S. Is Set to Sue a Dozen Big Banks
Re: U.S. Is Set to Sue a Dozen Big Banks
Re: U.S. Is Set to Sue a Dozen Big Banks
Wall St. shifts away from Obama *NM* *LINK*
Another eye-opening phrase... *NM* *LINK*
Re: The Problem with Socialism...
The Scion vs The Seed
Re: The Scion vs The Seed
Re: The Scion vs The Seed
Re: The Scion vs The Seed
Re: The Scion vs The Seed
We live in an Information Age
Re: We live in an Information Age
Re: We live in an Information Age
Re: We live in an Information Age
Re: We live in an Information Age *NM* *LINK*
Re: We live in an Information Age *LINK*
Re: We live in an Information Age *LINK*
The Empire needs slaves... *LINK*
Re: The Empire needs slaves... *LINK*
Re: The Empire needs slaves... *LINK*
Re: We live in an Information Age *LINK*
more centrism . . . *NM* *LINK*
Re: more centrism . . . *LINK*
Re: more centrism . . . *LINK*
Re: more centrism . . . *LINK*
Re: more centrism . . . *LINK*
Re: more centrism . . .
Re: more centrism . . . *LINK*
Re: more centrism . . . *LINK*
Re: more centrism . . .
Re: more centrism . . . *LINK*
Re: more centrism . . .
The war for drug money? *LINK*
Foundational Change for... *LINK*
Re: Foundational Change for... *LINK*
Re: more centrism . . . *LINK*
Re: more centrism . . . *LINK*
Argentinians Advice to Greeks *LINK*
Re: Argentinians Advice to Greeks *LINK*
Lets see how long Holder stays in office... *LINK*
Re: Lets see how long Holder stays in office... *LINK*
What's the penalty for crimes against the State? *LINK*
Re: What's the penalty for crimes against the Stat *LINK*
Re: What's the penalty for crimes against the Stat *LINK*
Re: What's the penalty for crimes against the Stat *LINK*
Re: What's the penalty for crimes against the Stat *NM* *LINK*
Re: What's the penalty for crimes against the Stat *LINK*
Re: What's the penalty for crimes against the Stat *LINK*
chorus calling for Eric Holder’s resignation *LINK*
Re: more centrism . . . *LINK*
Re: more centrism . . . *LINK*
Re: We live in an Information Age *LINK*
Re: We live in an Information Age
Re: We live in an Information Age
Re: We live in an Information Age *LINK*
What can happen when we use information... *LINK*
Re: The Scion vs The Seed
Re: The Scion vs The Seed
Re: The Scion vs The Seed
Re: The Scion vs The Seed *LINK*
Re: The Scion vs The Seed
Re: The Scion vs The Seed
stem cells vs progenitor cells
please elaborate...
Re: please elaborate...
Re: stem cells vs progenitor cells *LINK*
Re: The Scion vs The Seed
Pirates of the Caribbean
Re: The Scion vs The Seed
Postal Style Healthcare *NM* *LINK*
Update
Re: Update *LINK*
Re: The Scion vs The Seed *LINK*
Re: The Problem with Socialism... *LINK*
Re: The Problem with Socialism... *LINK*
Re: The Problem with Socialism...
Re: The Problem with Socialism... *LINK*
Re: The Problem with Socialism... *LINK*
Re: The Problem with Socialism... *LINK*
Re: The Problem with Socialism...
Re: The Problem with Socialism... *NM* *LINK*
Re: The Problem with Socialism...
Re: The Problem with Socialism... *LINK*
Yuh get nothing, and yuh like it! *NM* *LINK*
Re: Vox Idiotai! *LINK*
Re: Vox Idiotai! *LINK*
Health Care and Radical Monopoly *NM* *LINK*
The Next Wave *LINK*
Warren Buffet: Voice in the Wilderness? *LINK*
Re: Vox Idiotai!
Re: Vox Idiotai! *LINK*
Re: Vox Idiotai!
Re: Vox Idiotai! *NM* *LINK*
Great Observation
Naive but principled.
OPERATION COOPTATION *NM* *LINK*
Re: OPERATION COOPTATION *LINK*
American Idol? *LINK*
Re: American Idol? *LINK*
American made ... Chinese owned *NM* *LINK*
Re: gee whiz, kween... *LINK*
Separate and Equal *LINK*
Re: Separate and Equal *LINK*
History's Lost Black Towns *LINK*
Re: Where will this "Innovation Explosion"... *NM* *LINK*
Re: Where will this "Innovation Explosion"...
Wall Street Sees World Economy Decoupling From U.S *LINK*
Re: Wall Street Sees World Economy Decoupling From *LINK*
Re: Where will this "Innovation Explosion"... *LINK*
Re: Where will this "Innovation Explosion"... *LINK*
Re: Goldman Sachs *LINK*
Goldman Sachs vs Michael Jackson *LINK*
Re: Rothschild & Freshfields founders linked 2 sla *NM* *LINK*


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