The young and the riskless

Investors under age 35 are shunning stocks in stunning numbers. Their biggest risk: dying broke.

1 of 3
BACKNEXT
Caroline Chesnutt
Caroline Chesnutt
Caroline Chesnutt, 30, lives in Nashville.
Portfolio : 80% cash, 20% stocks

Since the crash the once-enthusiastic investor has gone from trading several times a month to shunning the market.

"I've learned when you invest in stocks, you have no control over the outcome," says Chesnutt, a nurse, who now keeps most of her money in two savings accounts, yielding 1.75% and 0.35%.

Instead of stocks, she's decided to try to make money by investing in her own sideline business, an embroidered-napkin company called Literary Linens that she runs with her sister.

She says, "I want to be in control of my financial destiny."


NEXT: Shawn and Asma Lakhani
Last updated January 03 2011: 4:52 PM ET
Jack Bogle on investing Vanguard founder Jack Bogle says he's never seen a 'more difficult time' for investing. More
Top stock picks from top prosThey racked up some of the best fund returns of the Lost Decade by buying quality. Here's where they see opportunity now. More
5 families, 5 financial fixes All survived the stock market's trial by fire, yet fears of getting burned again linger. We help them meet their goals. More
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.25%4.43%
15 yr fixed3.21%3.17%
5/1 ARM3.56%3.21%
30 yr refi4.14%4.37%
15 yr refi3.13%3.17%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.