Home Business-newBusiness Wealthy young Americans have lost confidence in the stock market

Wealthy young Americans have lost confidence in the stock market

by Yucatan Times
1 comment

The stock market has long been the go-to choice for people looking to invest their money. But that could be about to change as a younger generation enters the scene.

According to a recent survey from Bank of America, individuals aged 21 to 42 with at least $3 million in assets only have 25% of their portfolio invested in stocks. For wealthy investors over age 43, the allocation to equities is much higher at 55%.

This year’s bear market may have something to do with these millennials’ decisions.

“We’ve had a very strong run in the stock market over the last decade and are now living through volatile times. That’s on the front of people’s minds,” says Jeff Busconi, chief operating officer at Bank of America Private Bank, in an interview.

Despite the stock market’s recent bounce, the benchmark S&P 500 Index is still down nearly 18% year to date.

Busconi adds that the younger generation of investors increasingly believes that “a traditional portfolio of stock and bonds is not going to deliver above-average returns over time.”


TYT Newsroom

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1 comment

Vital Buter March 2, 2023 - 2:37 pm

Recent studies have shown that wealthy young Americans have lost confidence in the stock market. Many are turning to alternative investments such as real estate, cryptocurrencies, and startups, as they seek higher returns and greater control over their investments.

For those still interested in the stock market, it’s essential to track the effectiveness of their investment decisions and compare their portfolio’s returns to a benchmark. BeatMarket is an excellent platform that can help with this, offering user-friendly interfaces, complex metrics, and useful analytics.

With BeatMarket, investors can control transactions, evaluate results, and monitor their portfolio’s performance. The platform does not store any credit card or personal information, ensuring the safety and privacy of users’ data.

Investing in the stock market can be a challenging and risky venture. However, with tools like BeatMarket, investors can stay informed and make more informed investment decisions. If you’re interested in learning more about BeatMarket and how it can help you manage your portfolio, check out their website at https://beatmarket.one/.


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