Industry News

Wealthy more likely to put money in stocks than real estate

Survey shows retirement accounts are most popular asset class

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A survey of affluent U.S. households found that 21 percent are likely to increase their investment in real estate within the next three months, according to Phoenix Marketing International, a research and marketing company. Investment buying sentiment among mass affluent households continued an upward trend that began in August 2005, according to the latest Phoenix Affluent Marketing Service survey. About 42 percent of mass affluent households plan to make net increases to their portfolio in the next three months, up from 38 percent in February 2005. The survey questioned where mass affluent households that plan to make net portfolio increases are most likely to increase assets: 70 percent are likely to increase positions in retirement accounts; 62 percent in deposit accounts; 46 percent in mutual funds; 42 percent in stocks; 13 percent in fixed income, 11 percent in business investments, 21 percent in real estate and 3 percent in alternative investments. About 53 percent of mass aff...