Fifty-two percent of the wealthiest Americans, those with a net worth between $5 million and $25 million, not including their primary residence, plan to buy individual stocks or stock funds in the coming 12 months, according to a new report from Spectrem Group.

This makes equities the most popular choice for these ultra-high-net-worth investors, followed by the intention of 35% to invest in cash or cash equivalents, 33% to invest in international securities and 31% to put money in fixed income products.

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