MIAMI, FL — Wells Fargo recently conducted a survey among Hispanic customers to determine their investment habits.
The survey revealed a surprising trend.
“You know almost half are saying that no one ever taught them about saving and that the majority wish they had learned more when they were growing up,” says Wells Fargo senior investment manager Steven Novak.
The survey also revealed that Hispanic customers are more wary of investment risk, and feel less confident about investing money into stocks or bonds.
Novak says there are four steps to sound money management regardless of investment prowess.
“Knowing your goal, what’s your objective. Number Two: budgeting and reviewing expenses. Number Three: start saving, and Four: if you do need to use credit, become informed and really understand it.”
Novak says investment advisors are at all Wells Fargo locations, and that helpful information can be found on their website.
To learn more investment advice from Wells Fargo, click here.
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