How wealthy young people prefer to invest their money

Frankfurt When it comes to money, young high earners are more “conservative”. Instead of investing in cryptocurrencies or day trading, they tend to invest in proven strategies and products. This is shown by a new study by the Boston Consulting Group (BCG).

“The young high earners are more conservative in their investment policy than is perhaps commonly thought,” says BCG partner Achim Kaucic to the Handelsblatt. “The most important motive for investing here is retirement provision.”

47 percent would belong to the group of savings plan investors, almost all of whom invest in ETFs, followed by call money, individual stocks, life insurance and real estate.

The study examined the so-called emerging affluents. On average, they are 29 years old and earn between 80,000 and 200,000 euros a year. 74 percent of the young wealthy use digital channels to do business and obtain information.