Bill Gates gave away $35 billion this year but didn't see his personal net worth drop.
The average family office portfolio in North America had about 32% of its assets in stocks in 2018, according to a Campden Wealth report.
Typically investors would be more diversified across asset classes like government bonds and real estate."You can make the case that the yields aren't very high but that's true against all asset classes," said Gates. "T-bills, 10-Year are well less than 2%, so there's no obvious thing to beat other investors out there and there's reasons to think absolute returns for the next decade will be less than they have been for the last several decades.
Financial advisors warn that just because a billionaire favors a particular allocation, it doesn't mean all investors should follow suit. "Whether it's a billionaire, CEO or foundation, you have to remember that they are investing for their own objectives," said certified financial planner Douglas Boneparth, president and founder of Bone Fide Wealth in New York. "You should be investing based on your own goals, your tolerance for risk and your preferences," Boneparth said.
If you're a young investor, for instance, and you won't need the money for decades, you could stand to be more aggressively invested.Pre-retirees or retirees, on the other hand, might need to be far less invested in stocks to reduce the risk in their portfolio.— CNBC's Sarah O'Brien contributed to this report.Correction: A previous version misstated how much Bill Gates has donated to The Bill and Melinda Gates Foundation.
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