NERVOUS ABOUT THE STOCK MARKET? TRY REAL ESTATE

Stocks certainly are a most glamorous asset class. It’s exciting to trade and have paper gains (or losses), you can watch every day.  But with the recent volatility of the stock market - the dramatic drops and recoveries due to circumstances beyond the average person’s control - it’s no wonder that stocks are no longer Americans’ favorite long-term investment, according to a nationwide Bankrate survey, taken this year.  The survey ranks Real Estate at the top!

After a housing crash in 2008, that left the economy hurting, many Americans again see real estate as their top pick today.  Some 31% of survey respondents named 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.

In 2018, stocks were the most popular investment.  But this year stocks ran a distant second, with 20% 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 %, while gold and other precious metals were fourth at 11% and bonds came in fifth at 7%.

As far as demographics, Millennials in total, scored the highest at 36%-   among all age groups in their preference for real estate as a long-term investment.  It’s no surprise that real estate still remains the most popular investment among all generations, from millennials to Generation X (31%), as well as baby boomers (30%) and the Silent Generation (23 %).

“Millennials are higher on real estate than any other age group; they have cooled a bit on cash, and still aren’t keen on the stock market when investing for more than 10 years,” says Greg McBride, CFA, Bankrate chief financial   analyst.  Home—or least, real estate—is where the heart is for Americans.

So, if you’re a bit jittery about the stock market for long term investing, call us at 631 765 5333, we’ll show you some real estate investment properties that are solid for the long term!

Source: RIS MEDIA, Survey: Real Estate Is Back as Americans’ Favorite Long-Term Investment, James Royal,  Bankrate.com, distributed by Tribune Content Agency, LLC, August, 2019.