Americans Favor Real Estate Over Stocks
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Real estate, not stocks, are American's top long-term investment, men ask for financial help more than women and millennials like global stocks more than boomers.
According to a new Bankrate.com report, real estate is Americans’ favorite long-term investment. When polled on the “best way to invest money not needed for more than 10 years,” 28 percent of US adults chose real estate, 23 percent picked cash investments, 17 percent sided with the stock market, 15 percent preferred gold/other precious metals, and 4 percent said bonds. In the last five years, the stock market has not placed higher than third, even though the S&P 500 has risen 50 percent (if you include dividends, it's even more), and this is the third consecutive summer in which real estate took the top spot. Mark Hamrick, Bankrate.com’s senior economic analyst explains, “The preferences for cash and real estate indicate that too many people are leaving money on the virtual table by failing to be sufficiently exposed to the stock market, where higher long-term returns are found.”
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Source : Americans Favor Real Estate Over Stocks