What the Wealthy Did with Their Stock Gains…

December 1998
Journal of Financial Planning;Dec1998, Vol. 11 Issue 6, p15
Academic Journal
This article presents the results of a survey on the impact of the rising stock market of the 1990s on the personal finance situations of wealthy citizens in the U.S. with gross income of more than $225,000 or net worth of at least $3 million. 87 percent of the respondents have left most or all of their gains on the table, mainly to provide for retirement, because they do not need the money right now. 35 percent of those who realized gains transferred it to cash, 34 percent to bonds, 26 percent to foreign stocks and 23 percent to real estate. The survey also found out that 76 percent have increased charitable giving, 68 percent have improved their lifestyle and 67 percent worry less about money than before.


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