THE ULTRA-WEALTHY ARE SELLING STOCKS, BUYING PROPERTY, & KEEPING CASH
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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 – up from zero to 1% – 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.
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