Rich Investors Fear Fortunes Will Fade While They’re Playing Golf
July 28, 2016 — 1:39 PM EDT | Suzanne Woolley | Bloomberg
We’re all looking for a safe but adequate income stream, and that includes the very wealthy. Like most investors, they’re having a hard time finding it.
That’s clear in the latest portfolio update on the asset allocation of the “ultra-high-net-worth investors” that make up Tiger 21,1 a peer-to-peer learning network. They just can’t find passive assets that produce enough income to let them put their portfolios on autopilot, said the group’s founder and chairman, Michael Sonnenfeldt.
This is hardly a tragedy; there is that big pile of principal they can dip into. The group’s 440 members, whose average age is 54, are managing more than $40 billion worth of personal investable assets. Still, many are lowering their annual portfolio withdrawal rates and trying to work their assets harder.Go Back
I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.