Stockpiling Cash as U.S. Economy Fears Grow: TIGER 21 Founder Quoted on Bloomberg
TIGER 21 Founder and Chairman Michael Sonnenfeldt was featured on Bloomberg by journalist Benjamin Stupples on how Members are investing during a pandemic.
The following topics were covered:
- Cash holdings from Members at about one-fifth of assets to weather this storm
- U.S. stock prices keep rising amid Federal Reserve support and strength from tech companies
- The U.S. is among the worst-affected nations from the virus.
- Expectations for when the crisis will end