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), https://truthonthemarket.com/2007/02/28/are-the-rich-getting-more-financially-conservative/

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.”