3376: How Do the Wealthy Invest? by Nick Maggiulli of Of Dollars and Data on Building Wealth Mindfully

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 5 December 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

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1:12.8	This is Optimal Finance Daily. How do the wealthy invest by Nick Majuli of of
1:19.2	dollars and data.com. Do the wealthy invest differently from everyone else? And if so,
1:26.2	what can we learn from them? Bank of America released
1:29.4	their 22 private bank study of wealthy Americans, which attempted to answer some of these questions.
1:36.0	Their study, which took place from May to June of 2022, asked 1,052 households with more than
1:42.6	3 million in investable assets, how they invest, and how they
1:46.4	felt about different asset classes as well. Among their key findings were, younger wealthy
1:53.2	households, those age 21 to 42, were more skeptical of traditional investments and more
1:59.5	likely to support sustainable investing,
2:01.7	that is ESG, than older wealthy households, those 43 and up. In particular, older households
2:09.2	allocated, on average, 55% of their portfolios to stocks and stock index funds, while younger
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