OMG Wealthy Investors Did WHAT During the Market Chaos?! You Won't Believe It!

Rich People Problems (Not Really)

Okay so like I saw this article on CNBC and it's all about how wealthy investors are dealing with the stock market being like a total rollercoaster. But tbh it's kinda NBD for them. Apparently while everyone else is freaking out and selling everything they're just chilling maybe even buying a little. It's giving 'I'm not like a regular investor I'm a cool investor' vibes. They're all about that 'long game,' which let's be real is how I approach most things in life. Except maybe my makeup routine... that's gotta be on point always.

Dry Powder and Chill

So basically these advisors are saying the mega rich were already side eyeing the market earlier this year and started selling off some stocks. Smart right? It's like knowing when to leave the party before it gets lame. Now they're sitting on piles of cash or as they call it 'dry powder,' waiting for the perfect moment to swoop in and buy everything on discount. It’s like Black Friday but for billionaires. Goals!

To Buy or Not to Buy? That Is the Question (for the Rich)

The article mentions some clients were thinking about buying individual stocks that got like totally wrecked. It’s like seeing your fave designer on sale – tempting but you gotta make sure it's still worth it you know? Others were looking at gold as a 'safe haven,' which TBH sounds kinda boring. But hey if it keeps your billions safe who am I to judge? It's all about diversifying even if it means having a little bit of bling that isn't diamonds.

Don't Panic Plan It Out

One advisor Pamela Lucina has this whole 'three Ps' thing: Don't Panic Don't Predict and Engage in Planning. Sounds like a good motto for life in general right? Especially the 'don't panic' part. Like when Stormi spills juice on my Birkin I try not to panic. I just call my assistant. Planning is also key! They help their clients with taxes because like who even understands that stuff? Not me!

Tax Loss Harvesting? Is That a New Beauty Trend?

Okay so they talk about things like 'GRATs' and 'Roth conversions.' Sounds like some new skincare routine but apparently it's all about saving money on taxes. I mean who doesn't love saving money? Even if it means pretending to understand complicated financial stuff. Tax loss harvesting? Can that be a new trend or product because I am so here for it!

Private Credit? More Like Private Problems

There's this whole thing about 'private credit,' which sounds kinda shady. One guy warns that there's a lot of money chasing deals with less regard for risk. Sounds like a recipe for disaster right? It's like investing in a collab without doing your research first. Could be a total flop. But hey what do I know? I'm just here for the lip kits and the good vibes.