Wealth Management

Opportunities for making safe investments amid economic turmoil

The joke about the proverbial optimistic investment banker ironing five shirts for the week ahead has suddenly stopped doing the rounds. The seriousness of the economic turmoil we’re currently living through has sunken in. Although the Czech Republic is steering a surer course than others, we’re beginning to feel the impact here, too. To find out how the Czech economy will perform and how to manage investments safely, Lifestyles Magazine © talked to five local financial analysts. Read more…

Art collecting has traditionally been the domain of wealthy individuals in search of rewards beyond the purely financial. Now many new players are entering the market in search of decent returns.

While the sharemarket and property prices

have both taken a hit this year, one area of investment where highs are still being reached is art sales. The sales at Art Basel, in June, the world´s single most important fair, broke new records as collectors from regions such as Russia and the Middle East entered the art market. Here in the Czech Republic, investors are spending more on art than ever before. Art seems to have become a proof of a social rise, particularly for the nouveau riche.

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For example, Russian billionaire Read more…

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