|SHOKING MONEY NEWS.....World has 10 million "millionaires" among 6 billion humans = 0.16% of world population??!!....WHAT'S WRONG?!|
Posted by Champaklal Dajibhai Mistry on September 2, 2010
BAD & UGLY FACES OF WEALTH...
The "World Wealth Report"
is a report on individuals with a net worth of at least
$1 million in all assets except their primary residence.
The report is compiled annually by
Capgemini for Merrill Lynch.
....THE "WORLD WEALTH REPORT" HILITES....
High net worth individuals are defined as those with over $1-million
(U.S.) in investable assets and financial services firms from around the
The number of high-net-worth individuals in the world grew by 17.1% in
(where was the
recession in the life of these peoples), to 10 million. The combined wealth of those individuals rose by
18.9% (how can one make so much money
in a world recession )to an estimated $39-trillion.
The U.S., Japan, and Germany account for 53.5% of
the world's high-net-worth population
(although their combined population is
a small fraction of the world population).
......COMPARE THE INDIVIDUAL HIGH
NET WORTH TO
THE NET WORTH OF THE WORLD.....
And you will start wondering
why half of the peoples on this planet earth
are living hand to mouth daily and/or
get only one meal a day.....
web site: The entire
world officially owes itself more money than it can produce in the form
of equity assets. Of course, the calculation might be meaningless, since
the numbers are an aggregate of the nations involved, and it doesn’t
make sense to imagine the world not being able to pay itself back. But
it’s still a thought-provoking state of affairs.
According to a recent report in the Financial Post on the precarious
pressure-cooker that is the current bond market, total world debt in the
form of bonds is equivalent to about $82 trillion dollars USD. The
number nearly tripled since 2001 (when it was only $33 trillion U.S.).
Compare total debt with total assets: the total value of world equity
markets amount to only $44 trillion dollars in USD equivalent.
world thus has a negative net worth of about -$38 trillion measured in
I’m not too sure what exactly this indicates, other than, perhaps, the
amount of inflation ready to leak into the global system.
All these bonds are so much money
“printed.” Most of it belongs to the United States, as we all know.
Greece is barely a pebble on the beach.
....WHY PVAF IS PUBLISHING TODAY'S NEWS STORY...
write-up and comments in smaller fonts in this news story and the entire
news story has been compiled and contributed by
Edmonton, Canada, who in 1999 pioneered the PVAF program "Remove Poverty
Through Education".....based on his life education and life experience
gained and through his consulting business in which he has worked for
about 40 years as a business owner, Professional Engineer and Project
Manager representing Project Owners on many community development
programs to remove poverty through community infrastructure development
revolving around life education in Africa, Ontario and Alberta)
PVAF's primary reason for existence since its self-birth is a hope that
one day PVAF can say it tried and tried and tried to remove poverty
among earthlings for the next 3 generations of humankind (it takes at
least 3 generation to create a social change among humankind)...Poverty
afflicting humans are as many and more as there are human tribes on this
planet earth...and poverty can be generally classified as whatever
created suffering to a human in his/her physical, intellectual,
emotional and spiritual well-being and welfare of his/her existence in a
life-travel.....PVAF has been sharing knowledge on this web site in all
these four aspects of human life and overall existence in the grand
scheme of all creations in this universe......
This sharing includes the continuing education about the vEDik time era
that the current humanity is living in its 5112nd year of its
total duration of 432,000 years...with the knowledge that money and
women will be the leading agents of societal life making in
....and the percentage of humans living by the rules and regulations of
which is 25 at the start of
kli-yug will progressively decrease to about 10
percent when kli-yug
ends....This 10 percent population will transit into the next
era called st`y-yug
in which 100 percent of the humans will live by the tenets of
decreasing to 75 percent when
st`y-yug ends after 1,728,000 years duration....(Please
visit "archived" AASHRAM NEWS articles for knowledge
and also click
VEDA section of PVAF to
read more about vEDik era
and other parts of sciences of life and creation collectively called
email to Champak Mistry by clicking
here to discuss any
part of this write-up....)
When read together with the above knowledge sharing.....Today's news story hilites the PVAF mandate's seriousness and challenge
to be faced in the next 3 generations....The statistics of today's new
story is very revealing in the fact:
- that the most of the wealth in the current world is
in the hands of 0.16 % of the total world population....and
- more scarier fact is that most of the world wealth is
also negative asset meaning the net worth of the current world is a
debt.....that means it is not the real wealth compared to having hard
cold cash or gold or tangible assets which can be converted to cash....
With the above two realities how will ever the majority of the people in
the world ever have a chance to be what is currently the golden dream of
even being "middle class" peoples who have a comfortable life through a
well paying job......
On behalf of PVAF I invite for your comments on today's news story and
my brief take above....Just click on the button
"POST A COMMENT' in
the header of this news and share away...most gladly how the challenge
of eliminating poverty among humanity will be overcome....If you wish you can email your sharing for publication on this
AASRAM NEWS page by
You are invited also to join the PVAF volunteers who are current generation and
half highly educated and pro-active and "out of box thinking" minded
professionals around the world who are working with the PVAF PROGRAM
"TO REMOVE POVERTY THROUGH
here to find out how,
what, when and where of joining this PVAF Volunteer Force.....
|Please click on the next line to read the full story of today's
news....and also learn all the details on what it means to be a
"millionaire" in today's world.....
|......TAKE A LOOK
AT WHAT IS RICH AND POOR AND
SEE IF YOU CAN SMILE ALTHOUGH
REALIZING THE TRUTH ABOUT RICH AND POOR....
One day a father of a very wealthy
family took his son on a trip to the country with the firm purpose of
showing his son how poor people live.
They spent a couple of days and nights on the farm of what would be
considered a very poor family. On their return from their trip, the
father asked his son, How was the trip?
It was great, Dad. Did you see how poor people live? the father asked.
Oh yeah, said the son. So, tell me, what did you learn from the trip?
asked the father.
The son answered, I saw that we have one dog and they had four. We have
a pool that reaches to the middle of our garden and they have a creek
that has no end. We have imported lanterns in our garden and they have
the stars at night. Our patio reaches to the front yard and they have
the whole horizon. We have a small piece of land to live on and they
have fields that go beyond our sight.
We have servants who serve us, but they serve others. We buy our food,
but they grow theirs. We have walls around our property to protect us;
they have friends to protect them.
The boys father was speechless. Then his son added, Thanks, Dad, for
showing me how poor we are.
......And now today's news story
which could be
an awakening call of all rich and poor...
.....THERE ARE ONLY 10
HIGH NET WORTH PEOPLES
AMONG 6 BIILION PEOPLES ON PLANET EARTH IN 2020....
.....And these world’s wealthiest
playing it safe with investments.....
Mail: August 3, 2010: By
Thane Stenner is founder of
Partners within Richardson GMP Ltd., as well as director, wealth
management. He is also bestselling author of ´True Wealth: an expert
guide for high-net-worth individuals (and their advisors)’. He can be
When I got into this business more than 20 years ago, there wasn't
really a high net worth market per se.
Yes, there were wealthy people.
And of course, there were financial professionals who served them. But
they did so quietly, largely operating behind the closed doors of
private banks and boutique investment management firms.
Unsurprisingly, this confidentiality resulted in a kind of
- Wealthy people didn't always know what
their peers were doing to protect their wealth. Firms didn't always know
what wealthy people wanted from them.
- Professionals had to rely on intuition and guesswork
to determine exactly how to serve the affluent.
In the years since, there has been a great deal of attention paid to
high net worth (HNW) individuals, and a great deal of research done on
the way wealthy people think and invest.
Of that research, some of the best has been done by my former colleagues
at Merrill Lynch, who, along with co-publishers CapGemini Group, are
responsible for the annual World Wealth
Report (WWR). You can download a free copy for yourself at
Now in its 14th year, the WWR surveys high net worth individuals
(which it defines as those with over $1-million (U.S.) in investable
assets) and financial services firms from around the globe.
Those findings are supplemented with third-party research (our group has
contributed research on the Canadian HNW population for several years
now), resulting in a kind of snapshot on the state of the world's
wealthy in any given year.
There are several insights that resonated with me as I reviewed this
year's report. But the one that
really stood out was the observation that the psyche of the world's
wealthy has changed.
The financial crisis and subsequent recession has changed the way HNW
individuals think about wealth and investing. Since the onset of the
crisis back in 2007, wealthy investors have become a lot more cautious
with their money, seeking out investments that offer cash flow and
capital protection rather than all-out growth. This is the financial
equivalent of hitting for doubles and singles rather than for home runs.
At the same time, there's more to this change than simply a shift
towards a more conservative investment approach.
As the WWR notes, the events of the
past several years have led to several notable changes in the way
wealthy people manage their financial affairs:
- For one, the wealthy are now taking a more “hands-on”
role with their finances, and are actively re-evaluating their
relationships with their current wealth advisers.
- They are placing a greater emphasis on risk
management, and are asking professionals for detailed “what if” analysis
on proposed investments and asset allocation models.
- They are demanding independent investment advice, and
are cross-checking the advice they receive from their own advisers
against other sources.
- Finally, they are insisting on greater transparency
from their wealth advisers, so they fully understand the performance,
risks, and fees of a particular investment before they buy.
The above are steps that all investors should take to protect their
wealth, no matter what their net worth.
Furthermore, any professional worthy of the name should welcome the
opportunity to validate the strategies and products they recommend to
clients – that's how we demonstrate our value.
All that said, I can't help but wonder whether these changes are
indicative of a deep-rooted skepticism that's taking root among the
Speaking from my own experience, many of the wealthy individuals I've
met over the past several months seem more wary and guarded than before.
While they generally remain positive about the long-term health of stock
markets, their optimism is more muted.
They are less likely to accept what
financial institutions, regulators, and analysts say at face value.
I sense they will not soon forget the experiences of the past several
.....And now continue reading
THE Other notable findings from
the 2010 World Wealth Report....
of wealthy individuals has grown – The number of
high-net-worth individuals in the world grew by 17.1% in 2009, to 10
million. Canada is home to an estimated 251,000 of those, up from
213,000 in 2008.
has grown too - The combined wealth of those individuals
rose by 18.9%, to an estimated $39-trillion.
high-net-worth population holds disproportionate amount of wealth
–Ultra-high-net-worth individuals (those with investible assets of
US$30-million or more) account for 35.5% of that wealth, while
representing only 0.9% of the total high-net-worth population.
high-net-worth population remains highly concentrated –
The U.S., Japan, and Germany account for 53.5% of the world's
mindset – More high-net-worth individuals are investing
outside their “home regions” in search of more attractive growth
opportunities, specifically emerging markets and the Asia-Pacific
region. This trend is expected to continue into 2011 and beyond.
rebuilding – The wealthy are cautiously rebuilding their
portfolios. Equity holdings remain below pre-crisis levels, but they did
bounce back from the previous year, accounting for 29% of the average
HNW portfolio, up from 25%. Cash levels declined, while fixed-income
products remain popular – Among alternative investments,
structured products that offer capital guarantees remain popular,
accounting for about 20% of alternative investment purchases (that
number is significantly higher in some countries, most notably Japan).
for “passion investments” still down – Demand for art,
jewelry, and other collectibles has yet to return to pre-crisis levels,
although demand was up from 2008.
on luxury consumables varied – High-net-worth
individuals in North America reduced spending on luxury items, but
spending in China, Brazil, and other markets increased. China now
accounts for 49% of luxury-market growth.
while living” a growing trend – the wealthy continue to
incorporate philanthropy into their ongoing wealth accumulation and
capital preservation plans.
|.....And now you
can continue to learn
ABOUT THE MEANING OF
BEING A MILLIONAIRE
IN TODAY'S WORLD
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