World’s Millionaire Population Growing Rapidly

 World’s Millionaire Population Growing Rapidly

Those of you who aren’t millionaires yet, perhaps working harder is not the answer

The number of people around the globe with at least $1 million in assets grew 6% last year to 10.1 million, according to the 12th annual World Wealth Report released Tuesday by Merrill Lynch and Capgemini Group, a consulting firm.

That means an additional 600,000 people became millionaires or richer even as problems tied to the U.S. credit crisis spread in the second half of the year.

 

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Warren Buffett Sees “Long, Deep” U.S. Recession

 Warren Buffett Sees “Long, Deep” U.S. Recession

Whenever we get in a jam, we turn to Nebraska for advice

The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.

He said the United States was “already in recession” and added: “Perhaps not in the sense that economists would define it” with two consecutive quarters of negative growth.

“But the people are already feeling the effects,” said Buffett, the world’s richest man. “It will be deeper and last longer than many think.”

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Social Media Influencing Investment Decisions

Social Media Influencing Investment Decisions

Two-thirds of high-net-worth investors are influenced by online peer-generated content

An April 2008 Cogent Research survey found that US investors are highly engaged in social media, and their investment decisions are influenced accordingly.

The study found that 25% of US online adults are engaged in social media specifically related to personal finance and investing.

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Nanotech Venture Capital is Out of Sync with Returns

Nanotech Venture Capital is Out of Sync with Returns

 Nanomedical start-ups generate 77% of returns but get only 27% of investment

Venture capital (VC) firms invested $702 million in nanotechnology start-ups last year across 61 deals, slightly down from $738 million across 73 deals in 2006. But this VC spending is sharply out of sync with investment returns. Although application-oriented life-sciences companies have delivered the majority of VC returns in nanotech, VC firms consistently devote most of their funding to companies in other areas, according to a new report from Lux Research entitled “How Venture Capitalists Are Misplaying Nanotech.”  

 

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