If you're wondering where millionaires park their money, the results of a recent study from the Spectrem Group may interest you. According to their research, 60 percent of all American millionaires owned mutual funds in 2012. The average amount each of those millionaires had invested in mutual funds was $253,000.
Although that percentage was the same in 2011, the figures has been dropping in recent years. Back in 2008, some 67 percent of all millionaires were invested in mutual funds, and their average stake in that year was nearly $300,000.
Although exchange-traded funds are talked about as a hot investment, they still trail mutual funds among this cohort. Only 20 percent of the millionairies surveyed said they owned ETFs.
No comments:
Post a Comment