Reported 1 day ago
A growing number of rich young Americans are moving away from traditional stock investments, with only 25% of their portfolios in stocks compared to older investors who hold 55%. This demographic is increasingly favoring alternative assets such as gold, art, real estate, and cryptocurrencies, with 93% planning to invest more in these areas in the coming years. Gold remains popular for hedging against inflation, while art investments have seen significant returns. Additionally, real estate and cryptocurrency are gaining traction as alternatives among the under-43 crowd.
Source: YAHOO