Wealthy Millennials Have Lowest Allocation to Stoc …

BY LORIE KONISH, CNBC  

Wealthy millennial investors have the lowest allocation to stocks compared to other generations.

High net worth and ultra-high net worth members of the millennial generation — those who were born between 1981 and 1997 — also have the highest exposure to alternative investments, according to a new survey from U.S. Trust.

But wealthy millennials have ramped up their stock allocations in the past year to 46 percent from 25 percent, according to the survey. They also cut their cash as a percentage of their total portfolio to 21 percent from 47 percent. Click here for the full report from CNBC.

You May Also Like

Expertise, Careful Planning Open New Vacation Land …

Above: Traveling with other Iowans, Sue Brenton shares a personal moment with a group ...

SHIIP Helps Sort Out Medicare Options

BY STEVE DINNENOur phone has been busy lately with people calling to wish my ...

For Big Deals on Airfare, Try Small Detours

With some airlines, strategic routes can save money without sacrificing comfort. Photo: Getty Images ...