Finance is Fun: And The Survey Says… 

Marion Syverson, recently read the results of a couple of surveys and thought you would like to hear what others are doing.

Apathy – Twenty-five percent of high net-worth investors, those with more than one-hundred thousand dollars to invest, do not have a financial plan and many of them don’t plan on getting one. The reason? Apathy. They think retirement is far away and that they can worry about it at some far-into-the-future time when they are old.

Experts – According to one survey of ultrahigh-net-worth investors seventy percent use financial advisors regularly to make investment decisions. Though many folks may be able to plan their finances on their own but either have not developed the needed expertise or don’t have the time to devote to planning their future.

Investing where? – Two-thirds of the ultrahigh-net worth investors have two-thirds of their assets in investable assets with sixty percent investing in equities.

Travel – The most common large expenditure for ultrahigh-net-worth investors is for vacation and leisure travel and home improvement. File this under, ‘They’re just like us,’ the heading of some popular culture magazines.

Charity– When it comes to charity high-net-worth investors donate more than ten thousand dollars to charity with eleven percent donating more than twenty-five thousand dollars.

Sometimes it’s fun to see how other folks are living and how much of what we’re doing is like our neighbors.

Citations: Or google search title: quarter of investors lack financial plan, survey shows – and see first link in search