With the increasing number of millionaire households, comes an increasing confidence as over three-quarters of high-net worth households feel they will be financially prepared for retirement. These millionaire households understand that calculated risks are still a necessity within their portfolio design, however, over 50 percent have become much more conservative in their investment approach over the past year.
The average investor may have exited the market post 911, but these households simply stayed the course, letting their investments regain value over time. This strategy is starting to pay off. Some investment losses were offset by gains in real estate, but for the most part, ownership of stocks and bonds remained fairly stable.