Only 32% of older investors said the same.
The wealthy millennials surveyed said they allocate 25% of their portfolios to stocks, compared to 55% for older investors.
Cryptocurrency is popular among these millennials as well, accounting for 15% of their portfolios compared to only 2% for older investors.
Wealthy millennials see cryptocurrency as the best investmentLooking forward, the wealthy millennial investors ranked cryptocurrency or digital assets, real estate, private equity, and direct investment into companies offer the "greatest opportunities for growth."
Older investors favored US stocks, followed by real estate and equities in the emerging and international markets.