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In April of 2007, the U.S. Trust Survey
of Affluent Americans was prepared for the
United States Trust Company which is a wholly
owned subsidiary of the Charles Schwab Corporation.
Gregg and Lisa Whitney think it is important
for their clients to follow the attitudes
and trends of wealthy Americans on a wide
variety of topics as most of their clients
hold real estate as a part of their investment
portfolio.
 This
article is Part 4 of an interesting nine
part series on the super high net worth
American. Gregg and Lisa Whitney are pleased
to provide this information for you
Their partnership, also known as Whitney
and Associates, has a proven, long-term
track record of successful real estate sales
in the La Jolla, California Real Estate
Market. Gregg and Lisa Whitney believe Clients
should be key finding from this survey as
part of the exceptional service they provide
to their clients.
Those surveyed in this study released
recently constitute Americans with an investable
net work greater than $5 million, not including
primary residence. Included in this study
is a special sub-sample of ultra high net
worth Americans with total assets of $25
million or more. Gregg and Lisa Whitney
want you to know that an income qualification
was not used in the current version of the
study and the overall qualification was
based solely on investable assets leading
to an overall wealthier sample. An independent
marketing research firm was retained to
conduct this survey and focuses itself on
the top wealthiest Americans and their beliefs,
concerns and attitudes.
The study indicates that the overall optimism
is higher for the U.S. stock markets than
for international markets. When separate,
but randomly matched samples were asked
their attitudes toward the two markets and
rate them on a scale of 1 to 10, the overall
rating for the optimism index was in the
slightly optimistic category ranking a 6.33
out of 10. This compares to a somewhat lower
average of 5.90 for those evaluating the
investment performance of international
markets.
Interestingly, at the same time, the U.S.
stock markets are seen as increasingly risky
compared to international markets. Slightly
over half of all high net worth individuals,
or 51%, say the United States stock market
is becoming riskier. Less than half of all
high net worth individuals, or 46%, make
the same observation about international
markets.
The perception of increasing risk in the
United States stock markets is reflected
in an anticipated shift in the distribution
of U.S. and international equities within
some portfolios. Two in three high net worth
individuals, of 67%, do not expect to make
changes in their U.S. portfolios. The same
group of individuals found a statistically
similar response to making no changes in
their international portfolios as 68%.
However, almost 20 percent of all high
net worth individuals, a statistically significant
proportion, who were asked to evaluate the
United States stock market believes they
will be moving out of U.S. stocks.
In the context of the current economic
outlook toward investing in the United States
stock market, approximately three in four
respondents shared the following concerns:
• The budget deficit will affect
the economy in the long run (74%);
• The U.S. is losing its competitive
edge in the world economy (74%);
• The next generation will have
a more difficult time financially (73%);
• Taxes will rise significantly
over the next few years (72%);
• High taxes will reduce the value
of their estates (72%).
• Environmental issues will require
more government spending (72%).
At Whitney and Associates, we understand
the specialized needs of the wealthiest
Buyers and are the right choice for the
buying or selling of a home in La, Jolla,
California.
Have any questions or like to learn more?
Use our handy form on the side of the page
to contact Gregg and Lisa Whitney. You will
see that we only require your email address.
Gregg and Lisa Whitney understand that your
privacy is important to you and we respect
that. We do not share your information with
anyone without your permission.
Gregg and Lisa Whitney realize that you
are probably in the information gathering
stage of your process, and we want to provide
assistance to you in any of your La Jolla,
California Real Estate needs. If you would
like to talk to Gregg or Lisa Whitney in
person, feel free to call Whitney and Associates
at our main line at 858-456-3282.
When you are ready to invest in the real
estate market let us help you. After all,
we are the experts in La Jolla, California
Real Estate.
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