Real Estate Back As Most Desirable Long-Term Investment
According to a recently released Gallup.com poll, Americans once again believe that real estate is the best long-term investment.
Let's take a look at the results of a Gallup poll that was released earlier today:
"Which of the following would you say is the best long-term investment?"
Real Estate - 30%
Gold - 24%
Stocks/Mutual Funds - 24%
Savings accounts/CDs - 14%
Bonds - 6%
These numbers have changed considerably since mid-2011:
Gold - 34%
Real Estate - 19%
Stocks/Mutual Funds - 18%
Savings Accounts/CDs - 14%
Bonds - 10%
Real estate and stocks have rebounded significantly over the past couple of years, so it's not hard to see why many people consider them as the best long-term investments right now.
Gold, on the other hand, has underperformed since mid-2011. Bonds, savings accounts and CDs are paying out virtually nothing right now and have been the domain of the very risk-averse over the past couple of years.
38% of people who make over $75,000 per year believe that real estate is the best long-term investment. This compares to 26% for the $30,000-$74,999 crowd and 28% for those making less than $30,000.
Only 18% of people making over $75,000 per year believe that gold is the best long-term investment - this compares to 26% for those making between $30,000 and $74,999 and 31% for those making less than $30,000.
Finally, 30% of the people making more than $75,000 per year said that stocks/mutual funds are the best long-term investments, compared to just 13% for those making less than $30,000 per year.
Source: Gallup.com - Americans Sold on Real Estate as Best Long-Term Investment
Filed under: General Knowledge