Personal Finance
Rich Investors Fear Fortunes Will Fade While They’re Playing Golf
Low yields are chasing them back to their screens and lowering their lifestyles. ‘I’d rather sleep well than eat well.’
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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 21,1469656088094 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.