Olde Hornet
Well-Known Member
The wealthy are investing like a market bubble is here, or at least near
A majority of millionaire investors say a stock bubble is occurring, but their market risk appetite is still going up, with a shift in portfolio strategy.
www.cnbc.com
If an investor with $1 million or more in the market thinks that a stock bubble is already here — or soon enough one will be coming — what is the correct response? According to a new survey from E-Trade Financial, the answer is to keep investing in stocks, with more emphasis on undervalued sectors of the market.
Only 9% of millionaires surveyed by E-Trade think the market is nowhere near a bubble. The rest of the affluent investor set:
- 16% think we’re “fully in a bubble”
- 46% in “somewhat of a bubble”
- 29% think the market is approaching one