If you’re a young, wealthy investor, traditional stocks and bonds are probably not at the top of your investment wish list, research finds.
If you're a wealthy investor between the ages of 21 and 43, alternatives are probably at the top of your list of investments that may provide the most growth.
"The two different cohorts think very differently about what the greatest opportunities are for growth with their investments," Pelzar said. The younger generation may also have less trust in traditional stocks and bonds after having lived through the financial crisis and dot-com bust. More recently, the increased correlation between equities and fixed income may be prompting them to diversify their assets.having more cash can lead to missing out on bigger market returns, even as today's elevated rates guarantee the highest interest on cash in more than a decade.
"There's never been a bigger menu of opportunities to put your money into," said Douglas Boneparth, a certified financial planner and president ofWhen diversifying to alternatives, it's important to be aware of the potential costs involved, said Boneparth, who is also a member of the
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