Millennial Investors Trust Wall Street More But Invest Less In Stocks

Young, wealthy investors are less likely to invest in the stock market and more likely to put their money into alternatives, signifying a much more open-minded approach than the generation preceding them, according to a recent poll conducted by iCrowd, a social networking site for investors. Young investors diversify portfolios The survey found that young, accredited investors (age 18 – 29) allocate less than 30 percent of their portfolios into equities, compared to the 48 percent of older investors (age 45 – 60). Younger investors also put an average 7 percent of their portfolios into private equity and another 7…