Many affluent investors ‘have no idea’ what alt investments mean
June 11, 2014 by Melanie Waddell
Affluent investors across various age groups exhibit a lack of knowledge about alternative investments, with nearly 42 percent saying they have “no idea” what the term means, according to a just-released survey by Jackson National.
In its 2014 Alternative Investments Survey, Jackson National Life Insurance Co. found that of the 574 investors polled — which included affluent investors as young as 35 up to 65 that were not retired and had more than $200,000 in investable assets — 52 percent of these investors defined alternative investments as “anything that is not a stock, bond or cash,” while close to 42 percent said they “honestly have no idea what alternative investments means.”
Originally Posted at LifeHealthPro on June 11, 2014 by Melanie Waddell.
Categories: Industry Articles
