Ultra-rich are pulling back from stocks and real estate, says Tiger 21 founder Michael Sonnenfeldt

About this video

• Video Title: Ultra-rich are pulling back from stocks and real estate, says Tiger 21 founder Michael Sonnenfeldt
• Channel: CNBC Television
• Speakers: Michael Sonnenfeldt
• Duration: 00:04:40

Overview

This video features Michael Sonnenfeldt, founder of Tiger 21, discussing the investment trends and sentiment among ultra-wealthy individuals. He highlights a shift away from stocks and real estate towards more cautious investments like cash, fixed income, gold, and Bitcoin, indicating a potential economic nervousness. Sonnenfeldt also touches on the transition from entrepreneurship to wealth preservation and the challenges of managing inherited wealth.

Key takeaways

• Investment Shift: Members of Tiger 21 have reduced their exposure to stocks and real estate in the last quarter, showing a move towards caution.
• Emerging Assets: There's an increased interest in cash, fixed income, gold, and Bitcoin as perceived secure assets, with Bitcoin gaining acceptance beyond speculation.
• Wealth Preservation Focus: Ultra-wealthy individuals, with an average of over $100 million, are prioritizing wealth preservation over aggressive growth.
• Entrepreneur vs. Investor: The skills required for entrepreneurship (wealth creation) are different from those needed for investing (wealth preservation), and this transition is a key consideration for members.
• Generational Wealth Transfer: Tiger 21 also helps members guide their wealth to the next generation, emphasizing the importance of not losing what has been built over decades.