THE ULTRA-WEALTHY ARE SELLING STOCKS, BUYING PROPERTIES, AND KEEPING CASH READY
TIGER 21 Founder and Chairman, Michael Sonnenfeldt, was quoted in MarketWatch on the TIGER 21 Asset Allocation Report.
The following topics were covered:
- Investors are nibbling at commodities ‚Äì up from zero to 1% ‚Äì and moving away from public and private equities, as well as hedge funds.
- Real estate is still king, with a bump of 2 percentage points since the prior quarter.
- Members are continuing to keep cash at higher levels.