How Do the Wealthy Allocate Their Assets? Compare Your Portfolio with JPMorgan’s Findings!
In 2024, J.P. Morgan surveyed 190 family offices worldwide, revealing the investment preferences of top-tier wealthy individuals. The results show that their portfolios are diversified, balancing stability and growth. Here’s the breakdown of their asset allocation:
Equities (publicly listed stocks): 26.26%
Private Equity (unlisted companies, e.g., tech startups): 17.14%
Real Estate (residential rentals, commercial property): 14.47%
Cash (bank deposits, money market funds): 8.80%
Investment-Grade Bonds (government or large corporate bonds): 10.16%
Hedge Funds (quantitative, macro strategies, etc.): 5.23%
Other Investments (art, luxury goods, wineries, etc.): 5.04%
Venture Capital (early-stage or high-growth companies, e.g., internet firms): 4.89%
Private Credit (loans to SMEs, earning interest): 4.02%
High-Yield Bonds (junk bonds, emerging market debt, etc.): 1.89%
Commodities (gold, oil, agricultural products, etc.): 1.59%
Infrastructure Investments (roads, airports, energy projects, etc.): 0.54%
The data shows that the wealthy focus on balancing risk and return. Stocks and private equity dominate for long-term growth, while real estate and cash ensure liquidity and stability. Bonds and high-yield debt provide fixed income and risk diversification.
How Similar Is Your Portfolio to the Wealthy?
Take a look at your own portfolio and compare it with the data above. Are you more conservative, growth-oriented, or aggressive?
Questions:
Which asset class takes up the largest portion of your portfolio? Is it similar to the wealthy’s allocation?
If you were to optimize your portfolio, would you follow the wealthy’s allocation ratios? Why or why not?
Are you willing to try private equity or venture capital? How comfortable are you with the risk?
REWARDS
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Compared to their allocation, I’m heavier in equities and riskier assets, while they spread across real estate, bonds, and private equity. I prefer keeping things simple and easy to track, which helps me stay consistent.
I don’t think I’d fully follow their ratios. Private equity and venture capital are interesting but too risky and illiquid for my comfort. My current setup suits my goals and risk tolerance, though I remain open to adjusting if market conditions change. Over time, I may also explore adding more fixed income for stability.
@Tiger_SG @TigerStars @Tiger_comments
Saving: 5%
Fix deposits: 30%
T-Bills: 20%
Stock: 30%
Gold: 15%
@Tiger_SG @TigerEvents @koolgal @HelenJanet @SPOT_ON @MHh
There is no way I can follow the wealthy’s allocation portfolio. Private equity are usually limited to certified individuals or investment companies or family offices. Increasingly, it is now made available to retail investors. However, the lock up period is long which does not fit my current situation where liquidity is important to me for me to rotate my funds across different asset classes. Venture capital and hedge fund are too high risk for me. I generally do not like bonds and fixed incomes due to their low returns. Commodities and infrastructure are also not to my liking as there is a lot of factors influencing their valuation and can be easily manipulated by big players at the national level. I don’t have enough money to have significant real estate investments. So, equity choices like ETF, theme based ETF or specific stocks will help me balance risk and returns.
Check them in the history - “community distribution“
For me, being wealthy means when I can say I do not need more money. True wealth means when money serves my mission in life, not the other way around.
My goal is FIRE - Financial Independence Retire Early. Once I hit that goal I am free to travel and live my life to the fullest.
@Tiger_SG @Tiger_comments @TigerStars @CaptainTiger @TigerClub
I will follow the wealthy's allocation ratios in certain extend due to budget constraint.
I will not try venture capital as I am not familiar with it and its risk also high.
@Jinleong @Pang Kiat : how similar is your portfolio to the Wealthy?
2. If I were to optimize my portfolio, I would not blindly copy the wealthy’s ratios. Their access to exclusive funds, lower liquidity needs, and higher risk tolerance shape those allocations. Instead, I’d adapt the principles—diversification across asset classes, exposure to alternatives—while balancing my personal cash flow, time horizon, and risk appetite.
3. I’m open to trying private equity or venture capital, but only with a small allocation. These asset classes can yield outsized returns, yet they carry illiquidity and high risk of capital loss. I would only commit what I can afford to lock away long term, treating it as a satellite investment rather than a portfolio core.
如果要优化，我不会完全照搬富人的比例。首先，我的资金规模和他们不可同日而语，承担流动性差的投资（例如私募股权）的能力有限。其次，富人的全球化配置更容易，他们有资源接触海外市场和专业团队，而我更习惯专注亚太区域。但他们的核心逻辑——“分散、稳健、长期”——非常值得借鉴。我计划适度增加债券与现金的占比，把固定收益提升到15%左右，让组合在下行周期中更稳。
至于私募股权或风险投资，我有兴趣，但只会小比例尝试。相比富人平均17%的私募股权和接近5%的风险投资，我可能会控制在5%以内，并通过专业基金间接参与。毕竟这些项目周期长、退出难，需要专业判断。
总体而言，我的策略比富人更激进，但未来会逐步向平衡靠拢：保留成长性核心，同时提升流动性和抗风险能力。富人的做法像一面镜子，让我反思自己是否过度依赖股市，也提醒我分散与稳健的重要性。
股票（公開上市股票）：26.26%
私募股權（非上市公司，如科技初創公司）：17.14%
房地產（住宅租賃、商業地產）：14.47%
現金（銀行存款、貨幣市場基金）：8.80%
投資級債券（政府或大型公司債券）：10.16%
對衝基金（量化、宏觀策略等）：5.23%
其他投資（藝術品、奢侈品、酒莊等）：5.04%
風險投資（早期或高增長公司，如互聯網公司）：4.89%
私人信貸（向中小企業提供貸款，賺取利息）：4.02%
高收益債券（垃圾債券、新興市場債務等）：1.89%