Super-rich Americans are giving up on the stock market, holding historic levels of cash — here’s why and what they’re plowing their wealth into

America’s super-rich are making significant shifts in their investment strategies, with high net worth individuals now holding over 34% of their portfolios in cash, the highest level since 2002, according to Capgemini Research Institute. Even ultra-high net worth individuals and billionaires, like Warren Buffett’s Berkshire Hathaway, are following suit, amassing large cash reserves as they adjust their investment portfolios.

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Source Article: https://moneywise.com/investing/super-rich-americans-giving-up-on-stock-market

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