Inferred from Survey: Real Estate Is Back as Americans’ Favorite Long-Term Investment
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Survey: Real Estate Is Back as Americans’ Favorite Long-Term Investment
By James Royal

Survey: Real Estate Is Back as Americans’ Favorite Long-Term Investment
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(TNS)—Stocks have long been the most glamorous of the major asset classes. Many a Hollywood film has centered around making fast money in the stock market and becoming a Wall Street big shot.

But despite their great long-term returns—they’ve averaged about 10 percent annually for decades—stocks are no longer Americans’ favorite long-term investment. What is? According to a nationwide Bankrate survey, it’s real estate.

Years after a housing crash that left the economy hurting, many Americans still see real estate as their top pick. Some 31 percent of survey respondents named the real estate as their favored investment for money that they wouldn’t need for 10 years or more. It’s the best showing for real estate in the seven years that Bankrate has conducted the survey.

Survey: Real Estate Is Back as Americans’ Favorite Long-Term Investment
Survey: Real Estate Is Back as Americans’ Favorite Long-Term Investment

In 2018, stocks were the most popular investment. But this year they ran a distant second, with 20 percent of respondents naming stocks their top pick for holding periods of more than a decade.

Cash investments, such as savings accounts and CDs, finished third at 19 percent, while gold and other precious metals earned 11 percent. Americans picked bonds as their top long-term investment 7 percent of the time, while bitcoin and other cryptocurrencies were favored by 4 percent. Meanwhile, 5 percent of respondents said that none of these options was the best way to invest.

Millennials Are Most Drawn to Real Estate Investing
While some commentators have bemoaned the fact that millennials seem unwilling to buy housing, it’s not for lack of desire. Millennials in total scored the highest (36 percent) among all age groups in their preference for real estate as a long-term investment.

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