This Week in Beyond Wealth
Beyond Wealth just crossed 10,000 subscribers! Thanks for reading! To mark the milestone, we gave the newsletter a fresh look. We hope you like it.
S&P 500 allocation among high-net-worth investors.
How much is enough to retire early.
Portfolio differences by investment objective.
Was this email forwarded to you? Subscribe free.
Navigating Wealth Podcast
Where do wealthy households keep their money?
Our hosts break down Long Angle's survey of 165 high-net-worth households grading every financial product they use. The conversation covers why the most-carried credit cards rank near the bottom of their categories, how brokerages beat banks at banking, why Fidelity and Schwab sit in a league of their own, and the surprising finding that spreadsheets still beat apps for tracking a portfolio.
Listen on: YouTube · Apple Podcasts · Spotify
Money & Markets
Do I have the right amount in the S&P 500?
We asked 490 Long Angle members how much of their investable net worth is in the S&P 500 or similar diversified U.S. equities.
It turns out there is no “right amount.” Responses spread almost evenly across 0-25%, 26-50%, and 51-75%, with no clear consensus on where a "normal" allocation lands. That said, over 75% is uncommon.
Several respondents were surprised once they ran the math. Some guessed higher, only to realize investment real estate or international holdings pushed their true number well below what they assumed.
In the discussion thread, members were split between simplicity and deliberate diversification. Some said they keep most of their investments in equities to avoid the hassle and complexity of other asset classes. Others are actively trimming public equity to shift toward privates, targeting a specific stocks-to-alternatives ratio rather than a fixed S&P number.
Life, Health, & Family
How will I know when I have enough to retire?
A Long Angle member who spent years in big tech recently asked the community what finally convinced them they had enough to walk away.
Perfecting the retirement spending model was the last thing standing in the way, despite plans that looked solid in every scenario.
The post drew 89 replies in the discussion thread, one of the most active of the month. The throughline of the conversation: "enough” is more psychological than numerical.
That echoes what we found last year. Our blog post on the FIRE question describes that even those with more than enough assets admit their number keeps moving.
The most common advice from those who’ve been there is that if you're not fully ready, test the decision before committing to it for good. That could mean taking a sabbatical or transitioning to part-time or consulting work for a year.
A shift in mindset can also be helpful. For example, reframing retirement from a target to a life decision. One question that tends to stick with people: what is the cost of not retiring?
Private Market Perspectives
Does my portfolio match my peers’ with the same objectives?
Two investors with the same net worth can build very different portfolios depending on what they’re optimizing for.
Long Angle's 2026 Asset Allocation Study broke down how members allocate based on their primary investment objective: income, wealth preservation, or growth. Most respondents chose growth.
The clearest divide is investment real estate. Income-focused investors hold 20% of their portfolio there, double that of the growth group, using rental property yield as a cash flow engine. To make room, they run a leaner public equities position, 45% versus 60% for the growth group.
What barely moves is private company equity, which sits near 13% of investment portfolios across all three objectives. Even as investors optimize for very different outcomes, their exposure to private company ownership and the upside potential that goes with it stays remarkably consistent.
Around Long Angle
A New Look for Long Angle
You may have noticed the Long Angle branding looks a little different.
Long Angle has grown quite a bit since we started. Our community has grown to 9,000+ high-net-worth members, what we offer has grown, and the ways members interact with Long Angle have grown too.
Our old identity, however, hadn't quite kept up.
Long Angle isn't simply about growth (what the original tree logo stood for). This community helps members make better decisions. Our new compass logo, built directly into the Long Angle wordmark, represents that idea: clear, practical direction when the right answer isn't always obvious.
One thing we learned pretty quickly was that changing the logo wasn't enough. We've created a broader visual language designed to make everything feel consistent and recognizably Long Angle wherever you encounter it.
The tree had a good run. We're excited to see where the compass takes us.
Published by:
Chris Bendtsen
Insights Lead, Long Angle
Have thoughts? Reply to this email. I’d love to hear from you.
This material is for informational purposes only and is not investment advice regarding any security or investment strategy. Long Angle does not provide legal or tax advice, consult your attorney, CPA, or tax professional regarding your situation.
Long Angle Management, LLC (Long Angle), is an SEC registered investment adviser firm. Registration does not imply a certain level of skill or endorsement. Investing involves risk, including potential loss of principal. Past performance is not indicative of future results.