The world's wealthy believe they can more than triple their wealth within 10 years, requiring compound annual returns just over 12%, according to research.
The 1,751 high net worth people interviewed globally late last year for the survey expected to grow their assets from an average $2m now to $6.4m by 2020. This will require formidable returns, but is less ambitious than the quadrupling most expected when they were polled by Scorpio Partnership last year. Respondents expect twice the returns in the coming year they made over the last one, said Scorpio, and co-authors Standard Chartered Private Bank and SEI. Those in Asia and Europe are more confident about their wealth this year, while North Americans have revised short term expecta...
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