EXECUTIVE EDGE The wealthy are investing like a m
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The wealthy are investing like a market bubble is here, or at least near
PUBLISHED SUN, JAN 17 202111:21 AM ESTUPDATED SUN, JAN 17 20215:33 PM EST
Eric Rosenbaum
KEY POINTS
A majority of investors with $1 million or more in a brokerage account believe the stock market is in a bubble or close to being in one, according to an E-Trade Financial survey.
But the bull market will continue for now, these wealthy investors say, with belief stocks will rise this quarter and their risk tolerance increasing in Q1.
Millionaire investors are making portfolio changes to reflect where the market is most pricey, such as in large-cap U.S. stocks, and where stocks are underpriced, including internationally.
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