Wealthy People: Hate the Politics but Love the Economy

Almost all high-net-worth investors credit "hard work'' and "education'' for assisting in their wealth creation.

Jul 4, 2014 at 8:00AM


Source: Pixabay.

There is optimism among high-net-worth investors that the economic future of the country is promising, even though the political atmosphere remains tainted.

In Spectrem's Millionaire Corner study "Financial Attitudes and Concerns," high-net-worth investors with a net worth between $5 million and $25 million are still unhappy with the political environment in the United States but do not see it standing in the way of economic growth.

Eighty percent of high-net-worth investors say their financial situation is better today than it was one year ago, and 66% expect that it will again improve one year from now. A sign that things have improved is that 45% of high-net-worth investors say they are willing to take a significant risk on a portion of their investments, whereas two years ago only 26% were willing to take a risk.

Sixteen percent say the prolonged economic downturn is their No. 1 national concern, while a different 16% said government gridlock is the top problem in the nation today.

As of the end of 2013, the number of high-net-worth households reached an all-time high of 1.24 million, with the continued growth in the stock market considered the main cause of the rise.

Ninety-six percent of high-net-worth investors claim that "hard work'' was a factor in their obtaining wealth, and 94% credit "education." Eighty-eight percent say "smart investing'' was a factor while 80% said "frugality'' helped them get and stay wealthy.

Forty-five percent of high-net-worth investors are willing to accept a tax rate between 16% and 25% while 29% don't believe it should go any higher than 15%. Twenty percent are willing to accept a tax rate higher at 30% or higher.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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