This is a very good market indicator for a positive future. Inside Wealth: Family offices double down on stocks and dial back on private equity https://www.cnbc.com/2025/09/11/fam...ortfolio-allocation-goldman-sachs-survey.html (BOLD is my opinion OR what I consider important content) "Key Points Goldman Sachs polled 245 global family offices to find out where the ultra-rich are placing their bets. Investment firms of uber-rich families are making opportunistic bets in stocks and secondaries when other investors retreat. Family offices trimmed their private equity bets, but more than a third plan to deploy more capital in the next 12 months. Family offices have ramped up their bets on stocks while dialing back their private equity bets, according to a new survey by Goldman Sachs. Investment firms of ultra-wealthy families reported an average allocation of 31% to public equities, up 3 percentage points from the bank’s last poll in 2023. Over the same two-year period, their allocation to private equity dropped from 26% to 21%, the largest change for all surveyed asset classes. The shift to stocks was marked for family offices in the U.S. and the Americas, which raised their average allocation from 27% to 31%. As for private equity, their allocation dropped by 2percentage points to 25% but still exceeds that of their international peers. The bank polled 245 worldwide family offices, two-thirds of which reported managing at least $1 billion in assets, from May 20 to June 18. Tony Pasquariello, global head of hedge fund coverage at Goldman Sachs, described the portfolio as a “pro-risk asset mix,” as family offices have maintained a relatively high allocation to private equity. This is despite growing concerns about geopolitical risks and inflation. In the next 12 months, more than three-quarters of respondents said they expected tariffs to be the same or higher and expected valuations to stay the same or decrease. Family offices, especially those in the U.S., can face hefty tax bills if they make significant divestments, according to Sara Naison-Tarajano, leader of Goldman Sach’s Apex family office business. Moreover, she said, family offices tend to invest opportunistically when other market players retreat, as they did in April when tariff announcements roiled the markets. “There are concerns in the market, geopolitical issues, trade war issues,” said Naison-Tarajano, who is also the global head of capital markets for the private wealth division. “If they’re concerned about these things, they’re going to be ready to put money to work when these dislocations happen.” Investing in public equities and ETFs is also the preferred way for family offices to invest in artificial intelligence, according to the survey. The vast majority (86%) of respondents said they were invested in AI in some capacity, with other popular options including investments in secondary beneficiaries of the AI boom like data centers or AI-focused VC funds. Goldman Sachs’ Meena Flynn added that family offices are still making opportunistic plays in private equity, with 72% investing in secondaries, up from 60% in 2023. Endowments and foundations have been divesting as they are pressed for liquidity, but family offices can scoop attractive assets at a discount and weather the exit slowdown. “They have the ability to invest in assets that they can hold over multiple generations and not be worried about an exit,” said Flynn, co-head of global private wealth management. And while family offices appear to be drawing down in private equity, 39% reported plans to invest more in the asset class in the next 12 months, the highest of any category. Nearly the same proportion (38%) intend to invest more in stocks. Most family offices did not expect to change their portfolios in the upcoming year. However, across every asset class, more family offices planned to increase their allocations rather than decrease. A third of respondents intend to deploy more capital while only 16% intended to increase their cash and cash equivalents allocation. “I think what this forward-looking picture tells us is that family offices realize the importance of staying invested, and they realize the importance of vintaging, especially with private equity,” Naison-Tarajano said. That said, family offices in the Americas are more bullish than their peers. More than a third reported not positioning for tail risk compared with 14% and 12% of firms in EMEA and APAC. The most popular method of preparing for a black-swan event was geographic diversification at 53%, with gold ranking second at 24%. While gold made up less than 1% of the average family office portfolio, Flynn said she has seen allocations in some portfoliosas high at 15%. “Especially in regions where our clients are very worried about political instability, they’re actually holding gold in physical form,” Flynn said. “Many of our clients literally want to see the serial number and know where it is in the vault.” Asian family offices have also taken to using cryptocurrency as a hedge, according to Flynn. Only a quarter (26%) of APAC family offices said they were not interested in crypto, compared with 47% and 58% of their peers in the Americas and EMEA, respectively. Overall, a third of family offices are invested in crypto, up from 26% in 2023 and doubled from 2021. Of those who haven’t, Asian family offices reported the most interest (39%) in doing so, versus 17% of their peers. Flynn attributed much of their interest to concerns about geopolitics." MY COMMENT These are very sophisticated investors. AND.....they are dealing with their own family money....so looking at what they are doing is important. It is nice to see them joining in and buying stocks along with the.....little people. What we do in....."MY"....family is a MICRO-MINI-FAMILY OFFICE. We have an EXTREMELY TINY amount of assets compared to the above....but we tend to operate the same way. Just about all the family investing is handled by me. I also do tax returns and serve on the board of a family corporation. We are lucky that I happen to have the expertise to understand LAW and once in a while draft a mortgage note or a deed of trust and guide some real estate purchase along for a family member. In addition....."WE"....through my sister........ self finance any family mortgages.....and....keep the interest income in the family and reinvested. This works very well for us......as to you and others.....you have to do things in the way that works best for you......every family is different.
As to the above and my own family. We are a very small family in terms of the older generation and the middle and young generations. Some time over the next 25 years maximum....ALL...family money will end up with my two kids. It will be up to them to manage that money and hopefully pass it on to the next generation......3 kids. I doubt that my kids will continue how our current older generation works as a cohesive whole. At least......we as a family..... have continued our long history of educating the current generation with NO debt. I have one grandchild in college right now.....in a major Texas school.....majoring in Finance at the business school. That grandchild is on track to graduate with ZERO debt and a payment free car. Many family members are contributing to this to make it happen. A very important advantage in life for this grandchild once college is done and they enter the real world.
I am starting the day....BASICALLY FLAT. Little to no gain....as my eight stocks bounce around with no real direction....at least in the positive direction. Of course even the financial sites and financial news is focused on the BIG STORY of the day which is outside the markets. I dont think many people are focused on investing or markets today.....especially the media.
For thread purposes....in case we look back someday. It has been discussed in some of the above articles/posts. I am indifferent to it at this point in regard to what the FED may or may not do. It will be....what it will be, whether we whine about it or cheer about it. United States Inflation Rate 2.92% As of the end of August 2025
BAM.....POW....BOOM......Batman. The DOW just hit a new milestone......46,000....for the first time in history. I remember not too long ago....all the talk was about it hitting 36,000......on NOVEMBER 2, 2021.
US Treasury Rates The US treasury yield curve rates are updated at the end of each trading day. All data is sourced from the Daily Treasury Par Yield Curve Rates data provided by the Treasury.gov website. Treasury Current Yield Change Previous Yield 1 Month Treasury 4.23% -0.02 4.25% 1.5 Monthnth Treasury 4.23% -0.02 4.25% 2 Month Treasury 4.20% -0.02 4.22% 3 Month Treasury 4.09% -0.01 4.10% 4 Month Treasury 4.02% -0.03 4.05% 6 Month Treasury 3.83% -0.02 3.85% 1 Year Treasury 3.66% -0.02 3.68% 2 Year Treasury 3.54% 0.00 3.54% 3 Year Treasury 3.47% -0.01 3.48% 5 Year Treasury 3.59% -0.02 3.61% 7 Year Treasury 3.78% -0.03 3.81% 10 Year Treasury 4.04% -0.04 4.08% 20 Year Treasury 4.65% -0.03 4.68% 30 Year Treasury 4.69% -0.03 4.72% Treasury rates updated on 2025-09-10 with data sourced from Treasury.gov.
Thank you for all your posts and documentation for the Historical Record.....SMOKIE. I am sure this thread will be studied by historians for centuries......LOL. Some day when I retire from posting.....I expect YOU.....along with ROAD, RG, and LORI...... to take over the thread and keep it going.
For those of us here in the USA.....lets remember NINE/ELEVEN today. One way to do so is to donate to "TUNNEL TO TOWERS" charity. I donate every December around Christmas as a lump sum donation. They have an A+ rating and 93% of all funds is spent on programs versus overhead. https://www.charitywatch.org/charities/stephen-siller-tunnel-to-towers-foundation Charity Navigator gives them a FOUR STAR.....97%...rating. From that site here is what the top people take as compensation: The compensation data below shows the five highest paid individuals at this charity. The amount includes salary, cash bonuses, and compensation from related organizations. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. Frank Siller, President Ch $0 George Siller, Vice Chair $0 Janis Hannan, Vice Chair $0 Mary Scullin, Treasurer An $0 Regina Vogt, Secretary $0 Source: IRS Form 990 (page 7), filing year 2023 https://www.charitynavigator.org/ein/020554654
