There's conflict over the No. 1 rule of investing among wealthy Americans during this crisis. investinyou (In partnership with acorns.)
Key Points
Many wealthy Americans have added to stock holdings since the late March lows and stocks were rallying again on Wednesday, but even the rich remain on edge and fear another short-term, large correction ahead, revealed an E-Trade survey of investors with $1 million-plus in a brokerage account. "A technical bull market had occurred during this period of the survey, but they recognize we are not out of the woods yet," said Loewengart. "There could be significant drops, a slow grind of economic data in the coming months and we'll see how it shakes out."
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