Wealthy Investors Prefer Safer Strategies

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    Nearly six-in-10 wealthy investors prefer a guaranteed rate of return and lower risk, compared with 54 per cent in the prior year, says a report by Spectrem Group. ‘Financial Behaviors and the Investor’s Mindset’ shows less than 40 per cent of ultra high net worth investors (with a net worth between $5 million and $25 million) believe they are better off today than they were one year ago. A slightly higher percentage (but less than half) believe their financial situation will improve over the next 12 months. A growing percentage of mass affluent investors (with a net worth between $100,000 and $1 million) are interested in more conservative investing strategies. Also, more than half of millionaires (with a net worth between $1 million and $5 million) believe their children are better at investing than they are.