The wealthy are moving money out of stocks

[TommyIV]

Investment bankers UBS say wealthy investors threw their money into stocks during the initial Covid dip and have made a lot of money. Now that stocks have nearly recouped those same wealthy investors are moving money out of stocks.

The wealthy loaded up on stocks in March — now they’re selling, warns ‘fortress bank for billionaires’

 

[Bullitt]

Families with an average net worth of $1.6 billion are moving those profits out of the stock market and into illiquid and private assets — everything from residential real estate to private equity.

UBS, one of the best in the business in protecting clients wealth from the taxman.

Those investments aren't made with Robinhood, they're made with accounts in the Cayman Islands and likely held in some kind of trust account. Any gains are probably re-invested into real estate in the island nations, again bypassing any US taxes, or private equity via their trust which won't even show up on a tax form.

The sad part about all of this is that the money will continue to be passed down to the next generation, compounding tax free forever and ever.