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[George Henry]

S&P 500 Index
The stock market has been surging over the last couple of years, and we are entering the third year of the current bull market. As of this writing, the S&P 500 (^GSPC -1.54%) has surged by more than 65% since it bottomed out in October 2022, and the Nasdaq (^IXIC -1.63%) is up by around 87% in that time.

As of January 2025

[George Henry Edward Albert]

Where the super wealthy live
Countries with the most centi-millionaires:
U.S.: 10,660
China: 2,358
Germany: 1,050
India: 1,035
Cities with the most centi-millionaires:
New York: 775
San Francisco Bay Area: 692
Los Angeles: 504
London: 388
Beijing: 365
Source: Henley & Partners, New World Wealth
With the era of ultra-low interest rates gone for now, the growth rate for centi-millionaires may slow. The report projects the centi-millionaire population will grow 38% over the next decade, from 28,420 people to about 39,000 people by 2033.

“It does look like the next 10 years will be slower than the past 10 years,” Amoils said.

Although the media tends to focus more on billionaires, the report said centi-millionaires are more representative of the world’s super wealthy. The dollar threshold for what it means to be “super wealthy” has increased rapidly over time, said Juerg Steffen, CEO of Henley & Partners.

“Not long ago, in the late 1990s, $30 million was considered by most banks as the fortune that was needed to meet this status,” he said. “However, asset prices have risen significantly since then, making $100 million the new benchmark.”

While many smaller, less-developed countries have very few billionaires, they may have dozens or even hundreds of centi-millionaires. Amoils said there is often little visible difference in lifestyle between a person worth $100 million and a billionaire.

“They might fly on a private jet and have multiple homes,” he said. “And aside from maybe philanthropy,” their lifestyle would basically look the same.”

[George Henry Edward Albert]

Source

https://www.cnbc.com/2023/10/10/number-of-people-with-100-million-has-doubled-since-2003.html#:~:text=The%20U.S.%20is%20still%20the,more%2C%20according%20to%20the%20report.&text=Countries%20with%20the%20most%20centi,China:%202%2C358

[George Henry]

Apply ITM Turbo Strategy by Heather Cullen. Start with $10k and add $10 each year and in thirty years have $10 million ??? Is this possible

2025 $10k

2035 $100k

2045 $1million

2055 $10million

Please invest forever
And trade responsibly

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