How to be rich- stay boring

Fortune Magazine published a survey in its March 5, 2007 issue outlining how households with investable assets of $1 mil-$10 mil invest their money by asset allocation as of 2006. The results are:

45% domestic equities
15% bonds
13% cash
11% international equities
7% investment real estate
5% private equity
2% other
1% hedge fund
1% commodities

A couple of observations:

1. Pretty boring stuff don't you think. It reinforces the point there is no "magic bullet" solution to financial freedom.

2. only 7% in investment real estate. very interesting. I have some thoughts on this matter in later posts.

3. 13% cash- the rich understand the concpet of liquidity. Having cash around always gives you the feeling of security.