Site icon Ian Filippini – Filippini Wealth Management, Inc.

3 Tips to Invest Like a Millionaire

Regardless of the size of your portfolio, you can learn a significant amount by studying the investment strategies of those with millions in their bank accounts.

Many wealthy people weren’t born rich. Some earned their fortunes working more hours than seemingly imaginable like entrepreneur Elon Musk who has openly discussed working anywhere from 80-120 hours a week split between 6 companies. For others like Warren Buffet, their fortunes were amassed by diligently saving and intelligently investing as opportunities arise.

The paths to financial freedom may be different for everyone, but

Stocks over Bonds

According to Spectrem, millionaires heavily invest in stock, with a preference for U.S. stocks over foreign stocks. When they do buy foreign stocks, it’s usually to purchase portions of European organizations. Bonds typically represent smaller positions along with short term investment positions. The equalization of stocks and bonds an individual investor holds is a personal decision. It relies upon age, objectives and risk threshold. All things considered, investment in stocks have historically bested bonds.

Technology and Healthcare Stock

Spectrem also found that Millionaires favored investments in technology as well as healthcare. Having historically outperformed the S&P 500 in recent years, both sectors seem to be promising. The healthcare sector has flourished as millennials and baby-boomers continue to become increasingly health-conscious. Similarly, the technology sector has seen an increasing upward trend as big names like Amazon, Alphabet, Apple, Tesla and post record profits.

Be Specific on Who You Take Advice From 

Lastly, Spectrem found that only ~25% of millionaires see themselves as “truly educated” about investments, while the overwhelming majority admit that they have a lot to learn. This is why the overwhelming majority of millionaires consult with financial advisors. The millionaires that do their own research primarily did so through newspapers, magazines and websites. Rarely did they take advice from tv shows or radio. The top sources that millionaires sourced information from? The Wallstreet Journal, The NewYork Times, The Economist and Seeking Alpha.


Filippini Investment Advisory is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.

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