Over the next 12 months, millionaires plan to put only about a third of their money into stocks, according to the survey.
Nearly two thirds say it will take at least a year for markets to return to their all-time highs in February. One in four millionaires say it will take two years or more. The investment outlook by millionaires can have an outsized impact on the market, since millionaires own more than 85% of individually held stocks.
Over the next 12 months, millionaires plan to put only about a third of their money into stocks, according to the survey. They plan to put 19% into cash or cash equivalents, adding to their already high levels of cash holdings, McBreen said. When it comes to sectors, millionaires remain conservative. The sectors most likely to receive the most new money from millionaire investors in 2020 are health care, technology and financials. Fewer than 10% plan to invest in energy, materials or industrials.
A year is a short-term investment. Great news. Your headline should have been ‘Its Only Going To Take One Year For The Indexes To Bounce Back’
The market is 140% of GDP, it’s still way overvalued for the current economy.
It may take that long, it may take less or a long period of time. Only time will tell, I’m not worried.
If we get another 30 million unemployed the market may hit records this week
I don’t believe that. One account showed my high at 2/20 and my low on 3/19 down 24%. I’m now at 97% of the high. I’m small and was sitting on some cash but I bought on the way down but too early. I did some trading to keep my sanity. But for people to predict a year sounds wrong
How many inherited the millions. Because they suck as a investor
Unless war were declared or a second wave hits us in fall. Otherwise, cheers!
I agree with this analysis, market will start falling again hard this summer imho after the “open the economy” euphoria subsides and the day traders get back to work (hopefully they have a job that still exists)
...and I won't be hugging or holding the hands of the friends that died of COVID19 coronavirus...so I don't really care if they can't buy another yacht or politician.
Jokes on them, it is already at all time high because of the FED.
So.... Are they buying?
That’s fine. Buy and HODL we have nothing but time, it’s time for us to take some wealthy from the wealthy. Don’t sell them your shares once they begin manipulating the market ‼️⚡️
Will sanction andrewrsorkin for his inappropriate behavior towards a colleague on camera today
Thanks
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