Move Over Stocks: Wealthy Americans Are Turning To Real Estate, Crypto And Watches For Investments
Portfolio Pulse from Chris Katje
A Bank of America study reveals that wealthy young Americans are shifting their investments from traditional U.S. stocks to real estate, crypto, and alternative assets like watches and rare automobiles. This generational shift could impact the market dynamics significantly.
June 20, 2024 | 7:31 pm
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The SPDR S&P 500 ETF Trust (SPY) may see a shift in investment patterns as wealthy young Americans move away from traditional U.S. stocks, favoring real estate, crypto, and alternative assets.
The survey indicates a significant generational shift in investment preferences, with younger wealthy Americans showing less interest in U.S. stocks, which could lead to reduced demand for SPY.
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