GoBankingRates: How the Upper Middle Class Approaches Investing

By Nicole Spector, May 2, 2024

(GoBankingRates) -- High earners don’t just depend on their income to make their fortunes, they rely on investments and keep a diversified portfolio to hedge against risk.

“A significant amount of many upper middle class members’ wealth is often related to their job,” said Justin Zacks, vice president of strategy at Moomoo Technologies Inc.

“Not only the income they receive, but also in terms of ownership, whether that is company restricted stock and options, ownership of a small business or equity in a law or medical partnership,” he said. “It is important to make other investments that are not directly related to your job to help make sure you will be financially secure if your business area is subject to a downturn.”

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