Fewer affluent investors now describe their attitude on investments as conservative, and that optimistic outlook has reached the 18 to 34 age set.

That is according to the latest results from Merrill Lynch's Affluent Insights Survey, which found that just 23% of affluent investors between ages 18 and 34 describe themselves as conservative investors today versus 52% who would have used those words to describe themselves two years ago. By comparison, 23% of investors between ages 35 to 50 now describe themselves as conservative versus 45% two years ago.

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