Tailpieces Blog Post 262
Tailpieces Blog Post 262 Live your dream in a peaceful and safe environment where you are respected for your Seniority, with almost no Covid risk
Exploding Personal Wealth in the Asian Tropics
Exploding Personal Wealth in the Asian Tropics taken from our ‘On Target Newsletter’ issue no 265
Southeast Asia’s largest economy, Indonesia, is expected to see 67 per cent growth of its people becoming ultra-high-net-worth over the next five years, according to British property consultancy Knight Frank. That’s those with personal wealth, including the value of primary residence, of more than $30 million.
It’s not just the super-wealthy who are doing well. According to the World Bank Indonesia’s middle-class consumption has grown at an average annual rate of 12 per cent since 2002 and now accounts for almost half all household consumption.
The richer Indonesians get, the more they spend on cars, health, education and other services.
Asia is the region where personal wealth is growing fastest and is already home to more billionaires than any other – 36 per cent of the world’s.
OT 265 27 March 2021
feel free to contact us for a chat
You might also like
Emerging Markets: Bargain Buys
Emerging markets offer many attractive firms that offer growth regardless of conditions in their domestic economies, say New York asset managers Jennison Associates.
Threats to Big Tech
2020 was another glorious year for Big Tech as lockdowns and a stay-at-home culture gave an explosive boost to demands for its products and services. But perhaps it was the apogee of their decades-long rise from obscurity to emergence as the world’s most powerful corporations.
Seven Things You Need to Know About Investing
Investing is a full-time profession for many people. Countless books have been written on the hows and whys of making smart investment decisions. If you’re an expatriate, you must also consider the role that different currencies and tax jurisdictions play in your portfolio.
Why Value-Focused Portfolios Disappoint
Value stocks “have had a decade from hell” says The Economist. Over that period their returns have lagged behind the average for the American stockmarket as a whole by more than 90 percentage points.
Living Well in a Safe Place
Last week I was introduced to a remarkable residential development in Chiang Mai, the charming city in northern Thailand where we live.
