Wealth

RECENT NEWS
Mondo Visione  May 20  Comment 
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointments of Liz Pedersen as senior vice president of wealth managed services and Traci Mabrey as head of wealth solutions. In her new role, Pedersen will oversee wealth...
The Economic Times  May 20  Comment 
"I would be surprised if anybody makes a bolder call than what they have already made in the statement. It is likely to be a non-event," he said.
Forbes  May 20  Comment 
Liu Chengyu, chairman of Shenzhen Kstar Science and Technology, and wife Liu Ling, a Kstar director, have become China?s latest billionaire couple following a record close in the company?s shares amid optimism about the market for renewable power...
Clusterstock  May 19  Comment 
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Hillary Clinton and wealth managers have trouble relating to their target audience (Wealth Management) Hillary Clinton...
New York Times  May 19  Comment 
Hillary Rodham Clinton, who has been criticized for weeks for her unwillingness to engage with the political press corps, approached journalists and answered five questions in Iowa on Tuesday.
The Economic Times  May 18  Comment 
Sebi today directed Wasankar Wealth Management to refund the money it had raised from public, along with interest, through issuance of securities.
New York Times  May 15  Comment 
From the Scottish highlands to Avery Island, La., businesses that maintain family ownership have certain things in common.
Channel News Asia  May 14  Comment 
TODAY reports: Insurance penetration rate in region was 3.2 per cent in 2013, lower than the global average of 6.1 per cent: Report
The Hindu Business Line  May 12  Comment 
Smart firms invest in employee wellness because it makes sound business sense
Channel News Asia  May 12  Comment 
Industry observers say wealth managers are also looking to provide more than just financial-related services, to keep their clients.




 
TOP CONTRIBUTORS

Wealth

An abundance of valuable possessions or money. When two people have the same income and spend the same amount. In every case the one that buys income producing assets, will be wealthier than the one who buys things, which are consumed immediately.

An Inquiry into the Nature and Causes of the Wealth of Nations ~ Adam Smith 1776

Book II, Chapter III Of the Accumulation of Capital, or of Productive and Unproductive Labour

II.3.38 The revenue of an individual may be spent either in things which are consumed immediately, and in which one day's expense can neither alleviate nor support that of another, or it may be spent in things more durable, which can therefore be accumulated, and in which every day's expense may, as he chooses, either alleviate or support and heighten the effect of that of the following day.

A man of fortune, for example, may either spend his revenue in a profuse and sumptuous table, and in maintaining a great number of menial servants, and a multitude of dogs and horses;

Or contenting himself with a frugal table and few attendants, he may lay out the greater part of it in adorning his house or his country villa, in useful or ornamental buildings, in useful or ornamental furniture, in collecting books, statues, pictures; or in things more frivolous, jewels, baubles, ingenious trinkets of different kinds; or, what is most trifling of all, in amassing a great wardrobe of fine clothes, like the favorite and minister of a great prince who died a few years ago.

Were two men of equal fortune to spend their revenue, the one chiefly in the one way, the other in the other, the magnificence of the person whose expense had been chiefly in durable commodities, would be continually increasing, every day's expense contributing something to support and heighten the effect of that of the following day: that of the other, on the contrary, would be no greater at the end of the period than at the beginning.

The former, too, would, at the end of the period, be the richer (wealthier) man of the two. He would have a stock of goods of some kind or other, which, though it might not be worth all that it cost, would always be worth something. No trace or vestige of the expense of the latter would remain, and the effects of ten or twenty year’s profusion would be as completely annihilated as if they had never existed. [1]

Wealth, 13c, happiness, also prosperity in abundance of possessions or riches, from wele well-being, analogy of health. [2]

Riches, valued possessions, money, property, modified from richesse wealth, opulence. [3]

Weal, well-being, wela wealth, also welfare, well-being, wel- to wish, will. [4]

Will, to wish, desire, want, according to one's wish, wela well-being, riches. [5]

References

  1. http://www.econlib.org/library/Smith/smWN8.html
  2. http://www.etymonline.com/index.php?term=wealth
  3. http://www.etymonline.com/index.php?term=riches
  4. http://www.etymonline.com/index.php?term=weal
  5. http://www.etymonline.com/index.php?term=will
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki