Investing: A sign of a market rebound?

June 20, 2008

When the wealthy start plowing money into the stock market, maybe it's time for everyone else to take notice.

When the wealthy start plowing money into the stock market, maybe it's time for everyone else to take notice. Despite millionaires' current pessimism toward the US economy, 27 percent of those surveyed for Fidelity Investments say they plan to increase their stock holdings over the next 12 months. Only 7 percent intend to decrease their exposure. "What this shows is that while some investors might see a decline in the stock market or a drop in real estate values as cause to get out or sit on the sidelines, millionaires view it as a buying opportunity," says Gail Graham, executive vice president of Fidelity Institutional Wealth Services.