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Super-rich millennials are defying the way their parents have been investing for decades
|06/15/2017||Posted by BusinessMediaguide.Com under General World News||
Millennials who invest are approaching investing quite differently from how their parents and grandparents did, a recent survey found.
The 2008 financial crisis, which happened as many in the 21 to 36 age bracket came of age, seared memories of traditional asset classes like stocks cratering and retirement savings being wiped out.
“I won’t say there’s a mistrust of fixed income or equities or anything paper-related,” said Joseph Quinlan, the chief investment strategist at US Trust, which surveyed over 800 high-net-worth adults with at least $3 million in investable assets. Millennials are just more interested in more “sophisticated” assets like structured read more >>>