What the wealthy will do with their money in 2024

What the wealthy will do with their money in 2024
Many high-net-worth individuals are looking to help their kids, whether it be supporting them to buy houses or pay off the mortgage. (Image: Getty)
Rebecca Stevenson
The wealthy’s bank of mum and dad is open for business.  Milford’s head of private wealth Philip Morgan Rees says New Zealand’s wealthy investors have been hunkered down, weathering the poor economic climate and rising interest rates. Those interest rates have been the big economic story of 2023 and will again be looming large in wealthy investors’ minds in 2024.Knight Frank's global wealth report for 2023 found the aggregate wealth of ultra-high-net-worth individuals, someone with a net worth of US$30...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025