TIGER 21 FOUNDER ADDRESSES COVID-19 AND MARKET SENTIMENT ON CNBC.COM
TIGER 21 Founder and Chairman Michael Sonnenfeldt was interviewed by CNBC journalist Darla Mercado regarding sentiment around coronavirus (COVID-19) and wealth preservation.
The following topics were covered:
- Members’ focus on building an all-weather portfolio with an emphasis on a “cash cushion”
- Plunging markets result in trading halt due to COVID-19 fears
- High-net-worth individuals’ preference for investing capital in small companies where they can share expertise
- Real estate remains the biggest share of Members’ portfolios with 28% of their allocation