ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[fitzwell11]

Here are a few things I’d contest (my day job is as a tax CPA who works on inheritance)

1. The average age of inheritors through 2016 actually rose to 51, so we aren’t talking 20 year olds getting this money

2. While the amount sounds large it is concentrated among a small percentage of ultra wealthy who already have the money ear marked and managed

3. Much of that wealth is not in or available for equity markets. It is in the form of private business ownership and real estate

Still it will be an interesting dynamic to watch but I think Lee is wrong in concluding all this money going into growth stocks and crypto