4.6 • 658 Ratings
🗓️ 9 September 2022
⏱️ 91 minutes
🧾️ Download transcript
This week we interview Michael Sonnenfeldt, founder of Tiger 21. We discuss many issues that effect the Tiger 21 community, risk management, asset allocation, when they expect a recession, and most importantly what trends are the most watched for their members.
This is another exciting interview with Michael, who has graciously shared a peek behind the curtain with the Tiger21 community. My favorite part is the asset allocation for Tiger 21 community. For more information, visit the show notes at https://moneytreepodcast.com/risk-management-and-asset-allocation-for-tiger-21
Today's Panelists:
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0:00.0 | Welcome to the Money Tree Investing Podcast. |
0:04.7 | Stock market, wealth, personal finance, value stocks, invest in your life. |
0:11.1 | Hello, Smart Money Tree Podcast listeners. |
0:13.2 | Welcome to this week's show. |
0:14.5 | My name's Kirk Chisholm and I will be your host. |
0:17.2 | So today we're talking with Michael Sonnfeld. |
0:19.6 | How are you today, Michael? |
0:20.6 | I'm doing great. Thanks, Kirk. |
0:22.2 | Good. Well, glad to have you back on the show. So Michael is a returning guest. If you haven't heard his last interview, it was phenomenal. We actually ran out of time in our interview. We wanted to talk about a lot of other stuff. I want to give a brief recap for people who have not heard your pre-interview. You started up Tiger 21. Can you tell us |
0:39.1 | a little bit about that? Sure. Tiger 21, which started about 22 years ago, is now the largest |
0:45.0 | network of high net worth, mostly entrepreneurs who have sold their businesses and shifting now |
0:52.1 | from being wealth creators to wealth preservers, or another way of saying |
0:57.4 | it is from entrepreneur to investors. And these are some of the top entrepreneurs globally. We have a |
1:03.4 | membership of just under 1,200 members, five countries, 60 cities. They meet every month for a full |
1:10.6 | day session. Our members manage about |
1:14.3 | $150 billion of personal net wealth. You can do the math. It's about $120 million per average |
1:22.4 | member. That's a bad number because our members manage personal wealth of between 20 million and a billion. |
1:29.2 | It's just statistically that average. |
1:31.7 | But most of our members have wealth in the $30 to $50 million range that they've created by being some of the best entrepreneurs. |
1:40.5 | One way to think of it is we're like the major leagues. |
1:43.5 | If you're a football player, |
1:44.8 | baseball player, basketball player, you're one in 17,000 if you're in the major leagues by |
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