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Barron's Champagne Bucket
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Description:
In the cover story of its January 22nd edition Barron’s looks at the rapid expansion of the number of wealthy people in the world in recent years, and looks at ways of investing in the trend. The weekly offers the following stocks as potentials for riding the trend. To quote the article:The numerical evidence is plentiful, thanks to data collectors who want to reverse the trend or take advantage of it. For years, both the number of wealthy households and their aggregate resources have been growing much faster then world gross domestic product. The latest Merrill Lynch-CapGemini World Wealth Report estimates that the number of people globally with financial assets exceeding $1 million climbed 6.5% in 2005, and their combined financial wealth rose 8.5%, to $33.3 trillion, for an average of $3.8 million each. It's getting to the point where "millionaire" will no longer serve as useful shorthand for defining who's rich.
This is a portfolio of their “Champaign Bucket.â€
The description for each stock contains Barron’s reasoning.
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hey divy hero.....give us a peak....what's currently in your portfolio?
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05.25.12 | 09:11 PM asked by Michael Morse
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