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.
type in your search and press enter
Wealthy Millennials Have Lowest Allocation to Stoc …
You May Also Like
Insurance Commissioner Warns Of Investment Scams
BY STEVE DINNEN Iowa Insurance Commissioner Doug Ommen has been meeting with people all over ...
Drake Dean: How Gen Z Should Manage Their Money
Alejandro Hernandez, dean of Drake University’s College of Business and Public Administration. Writer: Steve ...
Taking Your Phone When You Go Calling Abroad
BY STEVE DINNENWhen I telephoned real estate agent Dave Ryan last month to talk ...