By submitting your email, you agree to our Privacy Policy and Disclaimer
The Wolf of Wall Street
Watch List for Wednesday 07/31/2013
PLPL – News
http://finance.yahoo.com/q?s=plpl&ql=1
Plandai Benefits From the Dangerous Side Effect Profile of Competing Malaria Drug
***************************
GRPR – Volume Alert
http://finance.yahoo.com/q?s=GRPR&ql=1
Form 8-K for GRID PETROLEUM CORP.
***************************
AEGY – Momentum
http://finance.yahoo.com/q?s=AEGY&ql=1
AEGY Appoints Chief Technology Officer.
It seems so long ago. But in 2009, many of the wealthy were stunned to find themselves in a cash crunch. Despite all the talk of cash cushions and risk management, many of the wealthy suddenly realized that they had overborrowed, overspent and overconcentrated on a single asset or industry.
We had suddenly entered the new age of the High-Beta Rich, where the wealth was volatile and far more cash was needed to absorb the shocks of financial markets. The Crypto market is also highly volatile. However, if the trader can use the market fluctuations intelligently, they can make profits. Auto trading platforms also can improve the trading performance. Visit https://www.etf-nachrichten.de/autotrading/oel-profit/ to find one of the best trading bots in the market.
Four years later, the lesson still holds.
A study from Spectrem Group asked wealthy and affluent investors “what do you wish you had done differently in the crisis.”
(Read more: Retirement, the rich and the superrich )
For the top earners-those making $750,000 or more-the No. 1 answer was “saved more.” Ranked second was “done more research about finances on my own” and then “not taken on as much debt.”
Their regrets have turned into real action-with possible impacts on the broader economy. Since the financial crisis, the wealthy have become the nation’s top cash hoarders, filling up deposit accounts and money markets at a rapid clip.
(Read more: What is rich? Study takes a crack at the answer )
According to research from American Express Publishing and Harrison Group, the savings rate of the wealthiest 1 percent soared to 37 percent in the second quarter. That’s up from 34 percent in the second quarter of 2012-and more than three times their savings rate in 2007.
Stock Market Headlines
