It is a common misconception that the ultra-wealthy residents of Mayfair do not contribute to the local economy. However, the findings in a new report from Wetherell quite clearly show this to be the opposite. In fact, the residents of the affluent neighbourhood support the shopping, leisure, and employments sectors substantially.

Mayfair is home to some 2,000 millionaires, of which 200 are earning nine-figure annual sums, and 20 are billionaires, who contribute an abundant £2.5 billion to the UK and local economy. With supporting data from Westminster City Council, Dataloft, and EGI, the report findings show that people living in the prime area support the economy through spending on employment, luxury shopping, consultants, and other expenditure. When reviewing the annual spending of super prime households in Mayfair, living in properties with a value of over £15 million, it revealed that the top three category spends are Interior and Artworks, Clothes, and Staff at £2,700,000, £644,000, and £325,000 respectively.
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Four Reasons People Love Mutual Funds

by Pam on December 12, 2016

Do some research online about the different methods available to first-time investors, and you’ll start to see a lot about mutual funds. Effectively offering an alternative to personal portfolio management, these types of funds have become quite popular over the years with people who want to watch their investments grow, but aren’t sure how to make it happen on their own. It should be noted that a mutual fund is by no means a guaranteed success—and there is no such thing in the world of investing and financial management. But to help explain these funds’ general popularity, here are a few of the common reasons people seem to love them.

1. Money Is Managed Professionally

Curiously enough, this came up in an article on why rich people like mutual funds, in which it was simply stated that wealthy and successful people don’t pretend to know everything about money management. Why this angle needs to be presented as being exclusive to the wealthy is a mystery, however. Most people know far more about how we make money than about how to manage that money. Thus, perhaps the main appeal of mutual funds is that they’re handled by professional investors whose job is to make sure your finances grow over time.
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real estate investing tipsIn the last few decades ever more of us have started to invest in real estate. Arguably the appeal of sinking money into property has grown since the economic crash, as many traditional savings accounts and investment opportunities have offered ever-dwindling returns.

However, it would be a mistake to think that investing in property offers guaranteed riches. Quite the opposite; as competition for suitable properties has grown, so sourcing the right opportunity that stacks up financially has become ever more challenging.

If you’re considering making the shift from savings to real estate investing here are five of the biggest factors to consider before you purchase your first rental property…
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Gender Neutral Trading Opportunities

by Guest on November 11, 2016

binary-optionsDoes gender really matter when trading on the global financial market? Is gender neutral trading possible? Does being born male or female have an impact on your ability to trade successfully on the stock markets? All of these, and more questions have never been more pertinent than they are now.

In the news

Gender equality is a prominent topic in the news at the moment with The Telegraph publishing an article entitled “Mapped: The best (and worst) countries for gender equality.” This led me to start pondering the realities of gender equality in the workplace. At this point, people are probably sighing and moving onto another article because this contentious issue has been flogged to death in many circles. However, the reality remains that there are still real gender inequality issues in many societies around the world.
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2 Simple Reasons To Buy Gold

by Guest on October 31, 2016

what-you-should-know-about-buying-goldGold is one of those assets that people often get emotionally attached to – they either love it, or hate it.

But any successful investor will tell you that you need to be emotionally detached when choosing your investments.

On the one side you have the “gold bugs” – the world is ending, flee to a universal currency types.  It’s a global currency, it’s immune to inflation and immune to government interference in an economy, they’ll argue.

On the other, you have people who point to gold under performing vs stock market prices and indexes like the S&P500, and even bonds over a 30 year period.  Gold’s recent renaissance is just a phase, in their eyes.  Warren Buffett even goes so far as to say it “has no utility” in typical, withering derision.

But no matter which camp you are in, you should have some gold in your portfolio.
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you-need-a-financial-planSomeone much wiser than I once said, “A goal without a plan is just a wish.” They were right!

When asked, most people will tell you they have goals, but when you dig a little deeper you’ll find out that many people struggle to plan around achieving their goals. Some of us naturally have more discipline than others, but regardless, everyone can benefit from exercising his or her planning muscle.

The key to financial planning is having more awareness about your finances—you don’t need to be an expert. A simple way to get started is by taking inventory of all your financial assets—bank accounts, real estate, retirement and investment accounts. Then track down all the things that you owe, such as school loans, credit cards, mortgages and other debt. When you take everything you own and subtract everything you owe, you’ve essentially come up with your net worth.
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XTrade Europe Explains Brexit Implications

by Guest on October 4, 2016

brexit-2Despite a lot of trepidation over the United Kingdom’s decision to leave the European Union, it seems like the predicted recession is not happening to Britain. This decision has been very divisive in terms of what Britain’s economy will look like in the near future, with many so-called experts saying that the Brexit vote will damage the economy.

XTrade Europe financial experts and economists believe that the United Kingdom will be able to avoid a recession. However, they also advise traders to exercise caution as the new British Prime Minister start formal talks on the terms of the UK’s exit from EU.
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