uhnwi

According to research by Merrill Lynch and Capgemini the rich spend 10 percent of their money on ‘investments of passion’. The biggest part of this spend goes on so called ‘Luxury Collectables’ such as cars, boats, and jets.

These ‘investments’ are often far from it. They depreciate in value, require expensive maintenance, and very soon after purchase something else is more tempting.

Do we ‘collect’? - Of course. We all need a little fun and beauty in our lives.

This entry was posted on Saturday, March 8th, 2008 at 8:24 am and is filed under Spending wealth. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.