Where the Ultra-Rich Are Investing Their Money

Jul.21 -- Meena Flynn, global co-head of private wealth at Goldman Sachs, discusses results of her firm’s recent survey of managers of the wealth and personal affairs of the ultra-rich and interest in cryptocurrency by family offices. She speaks on "Bloomberg Markets: European Close."

[GenXstacker]

Buzz phrases and word salad. Amazing how these people can talk so much yet say so little.

[ericp]

These channels just seem like a lot of talking without actually saying anything.

[cato]

YouTube ads are annoying. Rich people are not buying crypto.

[JFCotman]

Given that private equity in their case is “cash flowing operating businesses”

Cash & fixed income 31%
Private Equity 24%
Real Estate 11%

That’s 67% of their portfolio in income producing assets.

[cogen]

It amazes me, they all talk about the stock market like it goes up on it's own merit, they never say the FED is doing it all.

[mcneilridore]

What have we learned so far?

The key to getting rich and building wealth is to buy income producing assets i.e. (stocks, real estate, businesses). Then all you have to do is buy and hold for a multi generational period of 50 to 100 years.

[JM-jfrm]

She said a whole lot, yet nothing at all. She should run for office😩

[brutebiz]

Just assess the trading volume. People are investing in the large cap value tech (AAPL; MSFT; etc.) the S & P 500, as well as commodities. Crypto trading volume continues to decline, at least in the short-term. Contradicts the narrative that crypto is a hedge for the specter of inflation.

[katharynsteptore]

as they say, "the rich becomes richer" but there's no harm in trying ☺️ still trading in labs. fighting !!! 💗😍

[stevenarxer]

“This group” 🤣 I think they have many names: elites, aristocracy, owners…

[stephenkutney]

"..if you miss the best 50 days your return is 0." What does the number look like if you miss the worst 50 days?

[johnp]

Reconfirmed why I won't pay for Bloomberg

[trailer]

2:12 you can skip the whole video it's BS except for this moment.

[cogen]

If you invested from 2000 to 2009 you would have had a annualized return of -4%. Then the FED had to step in with Wallstreet welfare, that's what she should have said

[likegods]

In dividend stocks like USOI and SLVO pays monthly dividend

[cogen]

She forgets to mention the FED made all the equity returns by supplementing the market

[darrenchia]

why would the media and utra rich tell u where they invest?

[cobrauf]

How about if we take out the best 50 days AND the worst 50 days too ?

[holson]

Crypto is going to boom long term. The blockchain and decentralization and tech is too good. Paradigm change will continue as yields grow. Younger people are all digital with smart phones and digital wallets

[JimHabash]

Meanwhile, the kids I work with forego health insurance, 401k contributions, and dare not call in sick and lose a vacation day, just so they can keep their heads above water. Just so they can pay their rent. Yay for the rich and where they are investing their money.