Why Nervous Millionaires Are Buying Stocks

For years now, many analysts have lamented the exit of ordinary retail investors from the stock market. But even if typical investors are steering clear of stocks, more affluent households appear to be biting the bullet and adding to their stock positions -- even if they aren't all that optimistic about the market's future prospects.

Last month, Fidelity Investments came out with its 2012 Millionaire Outlook. The survey of about 1,000 households with net worth of $1 million or more not only pointed to what wealthy families are doing with their money but also revealed some common threads among millionaires that contain some lessons for those of all levels of wealth.

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