Millennials have an entirely different approach to investing than their parents
Lucy Nicholson/ Reuters
We've all heard of the #YOLO lifestyle. But when it comes to investing, millennials aren't ready to stomach much risk.
They focus on short-term needs and tend to stick with lower-risk investments, according to a recent report by Sameer Aurora, head of client strategy for UBS Wealth Management Americas.
"Even though they have a longer investment window, millennials hold almost twice as much cash in their portfolios as baby boomers," Aurora told Business Insider in a phone interview. Читать дальше...