Investing
Gen Z Investors Shun 60-40 Portfolio for Sneakers and Rare Cars, BofA Says
- Young investors favor crypto, collectibles over stocks, bonds
- Investors under 44 show high risk tolerance across strategies
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The new rich are trading long-standing investing tactics for more crypto-heavy portfolios and a passion for collectibles.
Roughly 94% of Gen Z and Millennial investors are interested in collecting items such as watches, rare cars and sneakers, according to a new survey of wealthy Americans by Bank of America Corp. It was the highest rate for any generation surveyed, with only 57% of Baby Boomers expressing interest in collectibles.