Quote of the week

"[People] don’t expect retirement to begin with social security and sit on the back deck in a lounge chair for the rest of their lives. This group really wants to remain active."

Jeff Cimini, head of personal retirement at Merrill Lynch

Weekly Poll

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While the worst of the financial crisis may be over, members of the exclusive Tiger 21 peer-to-peer network feel “we are no way in the clear,” according to their asset allocations for the first quarter.

Consecutively, changes have been “muted” among high net worth members, said Tiger 21, but on a year-over-year basis there were some significant shifts in positioning.

The organization said it has just under 200 members who collectively manage around $18 billion in investable assets and represent a cross section of entrepreneurs, inventors and top executives.

“Members continue to pursue a cautious approach to investing and are making very deliberate moves with their portfolio, only after much research and discussion,” said Michael Sonnenfeldt, founder and chairman of TIGER 21. He added that members “remain committed to long-term wealth accumulation and preservation.”

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