Inside the Mind of the Wealthy

Has the economic crisis of the past few years caused you to take more control of your finances? If so, you're not alone, according to a new survey from Barclays Wealth Americas. A third of all high-net-worth individuals around the globe have reacted to the financial downturn by taking a more active role in their money decisions, and nearly half have begun reviewing their portfolios more often. Sixty percent are now more focused on wealth preservation, and roughly half are avoiding high-risk investments more now.

Half of the American respondents are so pessimistic that they think things might get worse before they get better. Sixty-six percent said the government handled the crisis poorly, and sixty percent have less confidence in government as a consequence.

Interestingly enough, wealthy women may not be part of that group taking more interest in their money. The survey found that wealthy American women consider themselves less knowledgeable about money and investing than men, and not surprisingly, are less interested in it. Of course, if you find yourself in one of these groups, there's any easy way to make yourself better informed on your investment decisions: Give me a call.