When markets get choppy, wealthy investors often have a different playbook. Instead of panicking, many choose to stay calm and even find opportunities. This time around, they weren't rushing to sell like some big investors and funds. Instead, they were holding steady or even buying more. Why? Because they had planned ahead.

    These investors had already trimmed their stocks earlier in the year. They had cash ready, so they weren't caught off guard. This cash cushion helped them stay calm during the market's ups and downs. It also gave them money to buy more when prices dropped. Some even saw this as a chance to do some smart tax planning and estate planning.

    So, what were they buying? Some were looking at individual stocks that had taken a hit. Others were putting money into private equity, which doesn't swing as wildly day to day. And gold? That's always a favorite for a rainy day. One investor even compared it to buying a property at a discount, but with a catch - it could still drop more.

    Wealth managers had some solid advice. One expert suggested having plenty of cash on hand for when markets fall. Another talked about the "three Ps": don't panic, don't try to predict the future, and focus on planning. They also mentioned some smart moves like setting up certain trusts, converting retirement accounts, and selling losers to offset gains later.

    Another expert noted that wealthy investors tend to have more cash at the end of the first quarter for taxes. This year, it also helped buffer them from losses. Most investors, rich or not, were avoiding big changes to their portfolios. But those with less wealth or nearing retirement were feeling the volatility more. They had more investments that change value daily, so they were more worried.

    Some investors were even asking if now was a good time to start buying more. But for the most part, everyone was just trying to stay calm and make smart moves. After all, market storms don't last forever. And when the sun comes out, those who stayed calm and planned ahead often come out on top.

Smart Moves: How Rich Investors Navigate Market Storms

Actions