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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (607649)4/13/2011 4:51:27 PM
From: Brumar89  Read Replies (1) of 1580234
 
Money Goes Where It Is Treated Best

If you ever had a doubt that this old adage was true, consider the following gem from the Wall Street Journal’s Wealth Report:
The family office of the Johnson family, which runs Fidelity and which has a net worth in the billions of dollars, recently moved from Massachusetts to New Hampshire, which doesn’t tax many forms of income from trusts. (Their offices are now a mere three miles over the border, lest they also sacrifice convenience).

New Hampshire, in fact, has become a kind of mini-Switzerland for wealthy Northeast families. Trust assets under management by banks and trust companies up north have jumped 70% over the past five years, to $311 billion in 2010, from $184 billion in 2005, according to the New Hampshire State Banking Department.
The Boston Herald says trust companies are “cropping up like tax-free liquor stores in southern New Hampshire.”

This is true not just in New Hampshire, but around the globe. Money seeks out opportunity and growth, whether it is in the U.S. or not. (Not a bad argument to consider Global Macro as part of a core investment allocation.) There are almost always lots of places that are relatively attractive for investment—you just have to expand your horizons.

systematicrelativestrength.com
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