Post by AyG on Feb 20, 2020 12:43:49 GMT 7
Interactive Investor has apparently produced a report looking at ISA millionaires* v. less sizable ISA holders. I couldn't find it on the II website, but it's reported here
The article pushes that the millionaire investors have a much higher allocation to investment trusts than the poor (46% v. 28%). However, the two things that really jump out to me are:
(a) The tiny allocation to exchange traded products (3%, 4.5%). I thought that passives were all the rage these days.
(b) The minuscule allocation to bonds (~0.5%). Nothing like a 60/40 portfolio. I might have expected eschewing bonds in the millionaire portfolios. After all bonds are a massive drag on long term performance. However, the poor are avoiding bonds too. Really not sure why.
* i.e. people with ISAs worth one million British baht or more. Not millionaires with ISAs.
The article pushes that the millionaire investors have a much higher allocation to investment trusts than the poor (46% v. 28%). However, the two things that really jump out to me are:
(a) The tiny allocation to exchange traded products (3%, 4.5%). I thought that passives were all the rage these days.
(b) The minuscule allocation to bonds (~0.5%). Nothing like a 60/40 portfolio. I might have expected eschewing bonds in the millionaire portfolios. After all bonds are a massive drag on long term performance. However, the poor are avoiding bonds too. Really not sure why.
* i.e. people with ISAs worth one million British baht or more. Not millionaires with ISAs.
