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Millennials have an entirely different approach to investing than their parents

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They focus on short-term needs and tend to stick with lower-risk investments, according to a recent report by Sameer Aurora, head of client strategy for UBS Wealth Management Americas. "Even though they have a longer investment window, millennials hold almost twice as much cash in their portfolios as baby boomers".

Unlike boomers, millennials have bucked many traditional investing principles, such as "buy and hold" and following a financial plan. Among those who have retirement accounts, one-quarter have already dipped into them, according to UBS' report.

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8 Emerging Fintech Startups to Watch In 2016

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From automated payments processors to lending firms, financial tech companies are poised to steal up to $4.7 trillion from banks. Here are the rising startups to keep on your radar.

As consumer trust in the banking system falters, a growing number of tech startups are poised to steal away up to $4.7 trillion worth of business, according to a recent study from Goldman Sachs. In 2014, global investment in financial technology companies tripled, to more than $12 billion. The trend continued in 2015, when  $10.49 billion was invested in the first three quarters....

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  • By Redazione il in Start up