Date: 2023-08-24T13:40:27Z Creator: Bitfolio Academy
In a hot new study by Bank of America, affluent American millennials have less than 25% of their portfolio in traditional stocks. Where are they investing?
First, real estate. Fearing the lurking dragon of inflation, they’ve turned land and property into their shield. Real estate is a hedge against inflation.
Second, our wealthy millennials are turning to the stability of US Treasury bonds. Offering an unshakeable 5% return for a 2-year stint, or an impressive four and a quarter percent for a daring 10-year commitment.
Third, the futuristic realm of crypto is enticing millennials, specifically Ethereum liquid staking. Offering a low-risk passage to a tantalizing 4% compound interest.
These are some of the investments upon which high-flying millennials are placing their financial future.
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Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
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