HFWR
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I guess they’re not buy/hold/rebalance...
A majority of ultra-wealthy expect a recession and are hunkering down https://www.cnbc.com/2019/09/24/a-m...are|com.apple.UIKit.activity.CopyToPasteboard
A majority of ultra-wealthy expect a recession and are hunkering down https://www.cnbc.com/2019/09/24/a-m...are|com.apple.UIKit.activity.CopyToPasteboard
That is according to a UBS survey of 360 global family offices with an average family wealth of $1.2 billion. Results showed 55% of family offices see a recession by 2020, and to mitigate risks, 45% are already adjusting their portfolios, including shifting to bonds and real estate, while 42% are increasing their cash reserves.