"Unconventional Wealth Preservation Strategies: Learn from Millionaires and Secure Your Finances"

High-net-worth individuals (HNWI) are changing their investing habits amid falling stock prices, rising interest rates, and an uncertain economic outlook. According to a report by the Capgemini Research Institute, HNWI individuals have increased their allocation to cash and cash equivalents to 34% of their wealth in 2022, up from 24% the previous year. This is the highest rate in over a decade. The report also found that only 23% of HNWI wealth was held in equities, down from 29% in 2021. HNWI individuals are opting for short-term cash allocation, checking accounts, savings accounts, and CDs. The focus on wealth preservation has become a priority for HNWI, with nearly 70% citing it as their main focus.