BDBoop
Platinum Member
- Banned
- #1
While your 401k gets emptied by the latest market turmoil the super-rich are raking in the dough with investments only they can access. Guess it's time for more tax breaks for these poor rich folks! ~ Fark
Super rich still making money in crisis - Business - Stocks & economy - msnbc.com
Does this mean they need more tax breaks? Because I'm totally on board for that. I just can't do enough for dear old Mr. & Mrs. Hoover.
Super rich still making money in crisis - Business - Stocks & economy - msnbc.com
LONDON Financial advisers to the world's richest people report some of their top clients have continued to make money throughout recent market turmoil by harnessing sophisticated investments out of reach to mainstream investors.
With equity markets plunging, most investors have suffered losses to their pension funds and portfolios, but those able to meet the multi-million dollar investment thresholds of private equity and some hedge funds are coming out ahead.
"You've got so many investment opportunities that are open only to very rich people," said one London-based financial adviser specializing in ultra-rich investors.
"The super rich are doing very well. They're getting good advice, they're getting access to stuff that other people don't have access to," he said.
Does this mean they need more tax breaks? Because I'm totally on board for that. I just can't do enough for dear old Mr. & Mrs. Hoover.