3376: How Do the Wealthy Invest? by Nick Maggiulli of Of Dollars and Data on Building Wealth Mindfully
Description
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3376:
Nick Maggiulli unpacks how wealthy individuals allocate their assets, revealing that investment strategies often depend more on access and status than on performance alone. While ultra-wealthy investors lean heavily into alternatives like private equity and hedge funds, this typically happens after wealth is accumulated, not as the path to it, offering a crucial reminder to focus on what works for your own situation rather than mimicking the elite.
Read along with the original article(s) here: https://ofdollarsanddata.com/how-do-the-wealthy-invest/
Quotes to ponder:
"Try not to forget that the wealthiest 10% of Americans own nearly 90% of all U.S. stocks!"
“Not all investing is about money, sometimes it’s about status too.”
“There are many ways to preserve and grow your wealth. The hard part is finding what works best for you.”
Episode references:
Michael Kitces: https://www.kitces.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
![3385: [Part 2] How to Create Sustainable Money Habits by Liz of FrugalWoods on Mindful Consumption](https://megaphone.imgix.net/podcasts/6022467a-cc76-11f0-a473-7be087df1d46/image/2b4f7be321127c5d810f1e9b988a3f6a.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress "3385: [Part 2] How to Create Sustainable Money Habits by Liz of FrugalWoods on Mindful Consumption")
![3384: [Part 1] How to Create Sustainable Money Habits by Liz of FrugalWoods on Mindful Consumption](https://megaphone.imgix.net/podcasts/b70a8840-cc75-11f0-af15-9349bd49442c/image/6428fb77fa623bce13f285d644c505a8.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress "3384: [Part 1] How to Create Sustainable Money Habits by Liz of FrugalWoods on Mindful Consumption")
![3374: [Part 2] Rethinking the 4 Percent Safe Withdrawal Rule by Fritz Gilbert of The Retirement Manifesto](https://megaphone.imgix.net/podcasts/b89cde36-c6f0-11f0-af16-83b5861893ac/image/8b16e9a6e22a9fb99c99da9d37c8c85c.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress "3374: [Part 2] Rethinking the 4 Percent Safe Withdrawal Rule by Fritz Gilbert of The Retirement Manifesto")
![3373: [Part 1] Rethinking the 4 Percent Safe Withdrawal Rule by Fritz Gilbert of The Retirement Manifesto](https://megaphone.imgix.net/podcasts/9f0f51ca-c6ef-11f0-bcb4-6757b69637fd/image/597c21fbce61fb8fbabc2b7f6a25f3ac.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress "3373: [Part 1] Rethinking the 4 Percent Safe Withdrawal Rule by Fritz Gilbert of The Retirement Manifesto")
United States
