Ultra-conservative
is the true nature of millionaire millenials. In general, millenials are very
tight-fisted when it comes to handling their money.
According
to a survey by Capgemni Consulting, millenial millionaires keep themselves
liquidated to a point that a third of their estate is in cash.
The
traditional mode of keeping their millions in the proverbial sock is never a
good sign, analysts advise these millionaires to keep their money somewhere it
can grown until their retirement.
According
to most observers, millenial millionaires are typically 'spooked' by short-term
fluctuations
in the market. Experts advise that they look at the long-term side
of things; that it can change if an investor has a set plan.
Millenial
millionaires can always contribute savings to their retirement plan
indefinitely until their retirement.
Experts
also advise to use compounding as a tool to help young investors earn better
income through their investments.
As any
investor -- even myself -- would say that cash should make only a portion of
your assets, the money itself should do everything and earn for them. Idle money
should work for its keep.
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