Aunt Millie

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Aunt Millie

An unsophisticated investor.

Aunt Millie

1. Derogatory; an uneducated investor who knows little or nothing about investment strategies. Investment advisors often recommend simple investments that carry little risk to Aunt Millies.

2. Derogatory; a security thought to be a bad risk. The term derives from the idea that the security or strategy is so bad that only an "Aunt Millie" investor would buy it.
References in periodicals archive ?
Businessmen plying the Los Angeles-to-New York trade in both cases have fared far better than the Aunt Millies who want to visit their Sister Pearls in Dubuque or talk on the phone with their Cousin Selmas across town.