Are the rich getting more financially conservative?

Cite this Article
Bill Sjostrom, Are the rich getting more financially conservative?, Truth on the Market (February 28, 2007),

The answer is “yes” according to this MarketWatch article. Here’s a taste.

Forty-three percent of investors with a net worth of $5 million or more, not including a primary residence, say they prefer a guaranteed rate of return for the majority of their investments, according to a new report from Chicago-based Spectrem Group, a consulting firm. That percentage of investors compares with just 29% in 2003 and 38% in 2005 who said the same thing, according to the report “The Move Toward Investment Moderation.”