Mark Hirschey
Buffett Tops List of Top Five Plays for the Rich (Bloomberg)
Warren Buffett’s Berkshire Hathaway returned to the top of the investing pack this year, beating out flailing Apple shares as the favorite stock of American and Canadian multimillionaires. At least, that’s according to Tiger 21 – a New York-based group of super-wealthy investors. Apple dropped to second on Tiger 21’s list, based on its share price performance (losing 25 percent of value in the last year) and fear that without Steve Jobs, the company will fall off the investing map. Qualcomm finished number four on this list, which also featured two exchange-traded funds: iShares MSCI EAFE Index Funds at number three and SPDR S&P 500 ETF Trust (Spy) at number five. If these five plays are good enough for the Tiger 21, are they good enough for you?
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