Trends To Note


wealthymattersAmong Chinese millionaires with a net worth of more than $1.5 million, half either plan to or are considering moving abroad.

The U.S. remains the most popular destination for wealthy Chinese moving their families and fortunes abroad. Canada ranks second, overtaking the U.K., which had ranked second but now ranks third. Australia comes in at fourth.

The favorite city for wealthy Chinese moving to the U.S. is Los Angeles, while Seattle ranks second followed by San Francisco. New York ranked fourth. Read more of this post

How Wealthy Would You have Been In America?


wealthymatters.comIn India,as in other parts of the world, many people believe that migrating to the US is a sure shot way to wealth.Ofcourse,given the exchange rates, earning in USDs, or for that matter in GBPs,Euros,CHFs,CADs,AUDs,SGDs might make a person very rich in rupee terms.But expenses to maintain the living standards a person might take for granted in India,such as house help will use up a large part of one’s dollar  earnings.Then the investment options available are entirely different and steeper  taxes eat into one’s wealth.

Here are a couple of calculators to help you see what you might be potentially worth in the US. http://cgi.money.cnn.com/tools/networth_ageincome/index.html .If you are worth more than the median figures the calculator throws out, pat yourself on the back for doing a good job.Moreover given a purchasing power parity of 16 know that your rupee equivalent will just stretch so much more in India.Add in the new opportunities opening up in a rapidly changing India,and perhaps by staying home you don’t have such a bad deal after all!

Of course it’s great if you can earn in USD et, al and spend in INR,and enjoy the best of all worlds!

Burgernomics


wealthymatters.com

After 25 years, India has recently made it to the Big Mac Index.The Big Mac Index is a “lighthearted” guide published by’ The Economist’ to compare the currencies of different countries. It does so by looking at the price of a Big Mac burger, which is available in more than 100 countries with an identical recipe. Thus, a Big Mac in the U.S. costs $4.07 whereas in China it costs $2.27, using nominal exchange rates. From this, the index suggests that the Chinese yuan is 44% undervalued versus the U.S. dollar, otherwise the price of a Big Mac would be the same. Read more of this post

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