|
Laxman Pai, Opalesque Asia: A recent study of high-net-worth individuals found that the majority (75%) of investors between the ages of 21 and 42 do not think it's possible to achieve above-average returns solely with traditional stocks and bonds.
The 2022 Bank of America Private Bank Study of Wealthy Americans found that younger investors are turning to alternatives, sustainability, and digital assets to create wealth.
Eighty percent of young investors are looking for alternative investments, such as private equity, commodities, real estate, and other tangible assets. They allocate three times more of their investment portfolios to alternative strategies (16%) and half as much to stocks (25%) than older investors (5% and 55%, respectively).
Whereas investors over the age of 43 maintain that U.S. equities offer the best opportunity for growth in the future, young investors think the greatest growth opportunities lie somewhere in the transformative digital asset space. Nearly half (47%) have cryptocurrency holdings.
Ownership of sustainable investments has doubled since 2018, from 12% to 26% of wealthy people. Nearly three-quarters (73%) of millennials compared to 21% of older respondents use sustainable investments, which 72% of all survey respondents agree can make a positive impact in the world.
The findings show that the shift in influence and control over the largest share of U.S. personal wealth - $84 trillion is expected to pass primarily from the b...................... To view our full article Click here
|
RSS
