Millionaires are a complex bunch. Although a vast majority of them say they remain unshaken by the market downturn, according to a recent Fidelity Investments survey, a significant portion also have a negative outlook for the U.S. economy, currently.
A full 83% of millionaire survey respondents said the market downturn did not shake their confidence in investing, and are not concerned that the recent volatility is here to stay. Beyond that, 75% of millionaires say they feel financially secure. Therefore, it might not be surprising that 43% of survey respondents say they plan to invest more in the stock market over the next 12 months.
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