REPOST: Super-rich millennials are defying the way their parents have been investing for decades
While investing decisions and strategies generally differ from person to person, the ultra-wealthy millennials seem to have a common denominator: they prefer assets that reflect a greater appetite for risk, such as structured products, venture capital, and private equity. The full story on the Business Insider : Specialist trader Meric Greenbaum works with his daughter on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 25, 2016. Brendan McDermid/Reuters Millennials who invest are approaching investing quite differently from how their parents and grandparents did, a recent survey found. The 2008 financial crisis, which happened as many in the 21 to 36 age bracket came of age, seared memories of traditional asset classes like stocks cratering and retirement savings being wiped out. "I won't say there's a mistrust of fixed income or equities or anything paper-related," said Joseph Quinlan, the chief investment strat