Millionaires are downbeat on the economy but expect improvement by this time next year, according to a study from Fidelity Investments.
Respondents to a survey for the Fidelity Millionaire Outlook rated the economy "very weak." Twenty-seven percent of respondents said they expected to increase their exposure to individual stocks, 31% said they would allocate more assets to fixed-income vehicles, and 14% said they would move more into real estate. Burke Inc. conducted the survey. The participants were not told Fidelity sponsored the survey.
