September 26, 2014 Fact of the Day: Younger Investors Use Specialized Advisors
Over one-half of Millionaires age 44 and younger prefer to use a specialty firm for the majority of their investment needs. Why is this? Younger investors usually feel more confident about their investment knowledge than older investors. Many feel they may have educated themselves about investment knowledge via the internet and whether they are wrong or right probably remains to be seen. They do acknowledge, however, that they need help with more sophisticated investments. You'll see many using specialized advisors for hedge funds or even for specialized bond purchases. While their general portfolio they often to choose to manage on their own.