Still think that investors don’t need a financial advisor?
Ask the average person for the best investment for a long-term goal, and you’ll get an answer that will stupefy a financial planner: cash.
Cash was king for long-term investment goals, according to a survey by Bankrate.com — despite the fact that the average money market mutual fund yields 0.01%, and the average five-year bank CD yields 0.78%.
More than a quarter — 26% — of those asked said they favor cash as the best long-term investment, the Bankrate.com survey said. Other favorites, in descending order:
• Real estate, 23%
• Gold, 16%
• Bonds, 8%
Just 14% chose stocks, a sign of how deeply scarred the 2007-2009 bear market left investors. “It highlights how risk-averse investors continue to be five years after the financial crisis,” says Greg McBride, senior financial analyst for Bankrate.com.
The Bankrate survey covered 1,005 adults in the U.S., and has a margin of error of plus or minus 3.6 percentage points. The survey was conducted July 3-7.
HT: USA Today
Hi my friend! I want to say that this article is amazing, great written and come
with almost all significant infos. I would like to see more posts
like this .