Most affluent Americans engage in hobby investing

The National Underwriter writes that most of the affluent engage in hobby investing, writing:

A key reason why most (62 percent) of the country’s affluent engage in hobby investing is because it is “fun,” according to new research.

BMO Private Bank, a unit of BMO Financial Group, discloses this finding in a new survey on high-net-worth Americans (those with at least $1 million in investible assets) and hobby (or passion) investing. The study, the fifth and last in a series by BMO Private Bank that examines trends among the affluent, finds that just over half of the country’s wealthy engage in some form of hobby investing.

Read more at Most affluent Americans engage in hobby investing | LifeHealthPro.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.