According to MarketWatch, those who have tons of money in the world are changing how they handle it. Especially when it comes to managing that money in the stock market.
Examining the market on Monday, the publication reports that Tiger 21, a group full of 750 members that hold up to $75 billion in total, have brought in more money than they’ve seen since 2013 this first quarter. In quarter 2, things were around the same way, with the space “holding 12% in cash.”
Of course, something had to change for this income to rise. Whenever the call of the day occurs, it seems that these investors move to real estate instead of equity investments. Speaking to the publication is President of Tiger 21, Michael Sonnenfeldt, commenting that the stock market is “‘priced to perfection’ and rising economic inequality leading to greater polarization in America and elsewhere.”
According to a chart that details Tiger 21 members, real estate investments have gone up around 2% since the previous quarter. From there, investors are moving into commodities, with a 1% increase from 0% beforehand. What’s dropping is their interest in both public and private equities on top of hedge funds.
As you may know, the Dow Jones Industrial Average hit some lows on Monday, as well as European stocks. Groups affected include Nasdaq Composite and the S&P 500. Of course, the Chinese yuan dropped as well thanks to United States President Donald Trump claiming to raise the tariffs on Chinese imports.
However, the Tiger 21 investors are playing smart. They’re sticking away from more volatile investment avenues and sitting on longer ones, like real estate and the other aforementioned investments.
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