According to a survey by Bankrate, Americans believe that real estate is the best long-term investment for money they won’t need within ten years.
The company asked survey respondents which category was the best to invest in for money they wouldn’t need for more than a decade.
Real estate came out on top, with thirty-one percent of respondents choosing it as their top pick. Stocks moved the the second most popular choice after being first in 2018. This year, stocks earned 20% of votes by Americans for long term investments.
Following behind stocks were cash investments, gold and precious metals, and bonds. It is of note that real estate was the top choice for all generations--especially millennials, Generation X, and baby boomers--and all salary categories, from those who earned $30,000 a year or less to those who earned more than $75,000.
To read more on the study and find out which other categories were chosen for long-term investments, check out the full article here.
Real estate came out on top, with thirty-one percent of respondents choosing it as their top pick. Stocks moved the the second most popular choice after being first in 2018. This year, stocks earned 20% of votes by Americans for long term investments.
Following behind stocks were cash investments, gold and precious metals, and bonds. It is of note that real estate was the top choice for all generations--especially millennials, Generation X, and baby boomers--and all salary categories, from those who earned $30,000 a year or less to those who earned more than $75,000.
To read more on the study and find out which other categories were chosen for long-term investments, check out the full article here.
