Young, rich investors are veering away from conventional choices such as stocks and bonds and turning to alternative investments to grow their wealth, writes Jeannine Mancini for Benzinga. According to a new survey conducted by Lansons, less than 10 percent of the American population has invested in alternative assets. At the same time, younger generations are showing a significantly higher interest in alternative investments. Thirty percent of Gen Z and 25 percent of millennials are either investing in alternative assets or possess knowledge of platforms that facilitate such investments. Alternative investments that younger generations prefer include a diverse range of assets outside of the typical stocks, bonds, and cash.

Source: Forbes August 23, 2023 11:26 UTC