Young Millionaires Are Losing Faith In The Stock Market — Here's Where Those Rich Investors Are Putting Their Cash Instead [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
A surprising shift in investment strategies is emerging, with millennials and Gen Z turning away from Wall Street and exploring alternative avenues to grow their wealth. Don't Miss: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. Investing in its booming real estate market has never been more accessible. Will the surge continue or decline on real estate prices? People are finding out about risk-free real estate investing with just $100 Recent surveys reveal a dramatic contrast in investment approaches between generations. According to a Bank of America study, wealthy individuals aged 21-42 with at least $3 million in assets allocate only a quarter of their portfolio to equities, compared to over half for older investors. This represents a significant departure from conventional wisdom, which typically advises younger investors to have higher stock market exposure. So why are young, rich Americans l
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BAC
Earnings
- 7/16/24 - Beat
BAC
Sec Filings
- 10/3/24 - Form FWP
- 10/2/24 - Form 4
- 10/2/24 - Form FWP
- BAC's page on the SEC website