All the Hacks with Chris Hutchins
How High Net Worth Individuals Invest and a Deep Dive on Alternative Assets
Nov 16, 2022
Tad Fallows, co-founder of Long Angle, reveals the unique financial habits of high-net-worth individuals and dispels common myths about their investment practices. He discusses the shift towards alternative assets, emphasizing investing in art and real estate while showcasing innovative strategies like renting part of a home. Tad also covers the importance of self-management in wealth decisions and contrasts renting versus buying in today's market. Listeners gain valuable insights into the evolving investment landscape and effective approaches for managing wealth.
01:18:41
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Quick takeaways
- Wealthy investors prioritize high expected returns over short-term volatility and often have little to no debt.
- There is a growing interest among wealthy investors in alternative assets such as private companies and cryptocurrency.
Deep dives
Wealthy investors and their financial management
The podcast episode discusses how wealthy individuals manage their finances and investments. Guest Tad Fallows, co-founder of Long Angle, shares insights from their online community for high net worth investors. The community, now with over a thousand members, covers various topics like asset allocation, taxes, philanthropy, insurance, and more. One key finding is that wealthy investors often have little to no debt, with a significant portion owning their primary residence outright. They tend to be more focused on high expected returns, rather than being concerned about short-term volatility.
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