Who is an Aunt Millie?

Who is an Aunt Millie?Aunt is a term used to describe an uneducated or unsophisticated investor who is new and unfamiliar with investing, which makes him prone to poor investment choices. It has a derogatory connotation in the financial sector. Aunt Millie is used with reference to a low-risk investment offered to first-time, inexperienced investors.

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