Sixty percent of Millionaire investors surveyed by Spectrem Group consider risk to be key to wealth creation. Investors between the ages of 47-54 were significantly more likely (68 percent) to be more aggressive investors. At the same time, more than ninety percent (94 percent) of wealthy investors say that the level of risk is the primary criteria by which they select an investment.
When Millionaire investors were asked what in hindsight they wish they had done differently in relation to the financial collapse, less than ten percent said they wished they had invested more conservatively while 25 percent wished they had taken more risk.
>Financial knowledge is wanted more by the highest net worth investors. More than half of Millionaires surveyed consider financial knowledge to be “extremely important” to them, while nearly 40 percent say it’s important. On the other hand, only about a quarter of investors with less than $100,000 say their financial knowledge is “extremely important” while 47 percent say it is “important” and about 23 percent say it is “somewhat important.”
It is important to these investors who use a financial advisor that both be on the same page. Almost four-in-ten of high net worth investors would change their financial advisor if it was perceived that he or she did not appreciate or work in consort with their risk tolerance, Spectrem Group research finds.
Almost ninety percent (86 percent) of Millionaire investors said they feel their advisor understands their tolerance for risk.
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