ARBOR WEALTH: China's noveau riche

Published: Thursday, July 18, 2013 at 16:42 PM.

Still, there remains a wild pursuit of luxury items. “Sales of private jets are still soaring,” says The Economist. "Some luxury department stores reported continued growth in sales year over year. Luxury sales in China are expected to grow by 6-8 percent this year …”

So while there will always be the super-rich among us, savvy investors may look to invest in the companies that produce and market their goods and services to a much larger demographic: the mass affluent of the world. These consumers are not buying $800 bottles of wine; rather, they are buying $100 bottles of wine. 

Margaret R. McDowell, ChFC, AIF, a syndicated economic columnist, chartered financial consultant and accredited investment fiduciary, is the founder of Arbor Wealth Management, LLC, (850-608-6121~www.arborwealth.net), a “Fee-Only” Registered Investment Advisory Firm located near Sandestin. Arbor Wealth specializes in portfolio management for clients with $250,000 or more of investable assets.

 

 

 

 



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