Real estate has yet again been chosen as Americans’ top choice for the best long-term investment, according to a recent Gallup survey. For the past two years, real estate has topped the list of investments, but this year, it has increased its’ margin over other investments.
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Americans Believe Real Estate is Best Long-Term Investment July 27 , 2016 Amanda Thomas According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.
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"What is the best way to invest money you wouldn’t need for 10 years or more?" Real Estate came in as the top choice with 28% of all respondents (3% higher than last year), while cash investments – such as savings accounts and CD’s – came in second with 23% (the same as last year).
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Americans between 18 and 29 years old are almost evenly split, with about one-quarter each saying real estate, stocks, gold, and savings accounts are the best choices for long-term investments. However, the 23% who said savings accounts is much higher than the percentage who gave this same answer in older age groups.
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Survey reveals Americans’ top investment choice: Real estate. For the first time in three years, real estate was the most popular investment option in a survey that accompanied Bankrate’s Financial Security Index. When asked what kind of investments made the most sense, 27 percent said they’d invest in property if they had a pool of spare cash.