Reported 8 months ago
A new study by Bank of America Private Bank highlights significant differences in investing strategies between younger and older wealthy Americans. Head of investments Michael Pelzar discusses the stark contrasts, such as younger individuals feeling they cannot achieve desired returns with traditional investments like stocks and bonds, while favoring alternative investments like crypto. The study also reveals a growing interest among young investors in reallocating to alternative assets for better growth opportunities, suggesting a shift towards a more long-term and diversified investment approach.
Source: YAHOO