3376: How Do the Wealthy Invest? by Nick Maggiulli of Of Dollars and Data on Building Wealth...
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Nick Maggiulli unpacks how wealthy individuals allocate their assets, revealing that investment strategies often depend more on access and status than on performance alone. While ultra-wealthy investors lean heavily into alternatives like private equity and hedge funds, this typically happens after wealth is accumulated, not as the path to it, offering a crucial reminder to focus on what works for your own situation rather than mimicking the elite.
Read along with the original article(s) here:
Quotes to ponder:
"Try not to forget that the wealthiest 10% of Americans own nearly 90% of all U.S. stocks!"
“Not all investing is about money, sometimes it’s about status too.”
“There are many ways to preserve and grow your wealth. The hard part is finding what works best for you.”
Episode references:
Michael Kitces:
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