June 30, 2015 Fact of the Day: Are younger investors more likely to take significant investment risk?
DID YOU KNOW THAT YOUNG MILLIONAIRES WANT TO TAKE INVESTMENT RISK BUT ALSO WANT A GUARANTEED RATE OF RETURN?
In recent research conducted by Spectrem Group, 56 percent of Millionaires under the age of 35 indicated they are willing to take significant investment risk on a portion of their assets in order to earn a high return on their investments. Interestingly, 47 percent of that same group indicates that they would prefer a guaranteed rate of return for a majority of their assets.
Overall, young Millionaires believe that the Level of Risk is the most important investment selection factor at 79 percent. Seventy one percent believe that Diversity of Investments is a critical investment factor. The tax implications of investments are also important to 76 percent. In contrast, 89 percent of those between the ages of 36-44 are worried about taxes.
What do you consider as the most important investment selection factors? Level of risk, tax implications, track record? Each of these is important.
To learn more about the financial attitudes and concerns of Millionaire investors, click here or contact Randy Wostratzky at firstname.lastname@example.org or 224-544-5195.