> Nearly 40% of millionaires said they plan to make changes to their portfolio or have already made changes due to inflation, 44% said they have kept more money in cash, and 41% say they have purchased more fixed-rate investments. Of those surveyed, 35% said they have purchased equities, and 31% said they have sold equities due to inflation and its impact on certain sectors and stocks.
In order to protect against inflation, 44% of "millionaires" said they kept more money in cash?
In order to protect against inflation, 44% of "millionaires" said they kept more money in cash?
How does that make any sense?