Investment Preferences Moving back into Cash, Stocks and Real Estate
The Millionaires and Affluent moved back into investing with strong showings in Stocks, Cash, and Real Estate. Cash rose 9.8 from last month. Stocks also rose, fairly strongly with a 5.8 increase. Perhaps the most telling was the 15.1 drop in Not Investing which means they are back to investing.
Somewhat surprising was the increase in Real Estate. Just a 4.7 uptick, but it shows that the wealthy might be reassessing the damage done by the subprime fiasco and finding some good values in real estate again.
While Stocks and Bonds rose, both Mutual Fund choices fell. This seeming confusion might just be investors shaking out what are good bets in this market, and what are not, and looking for a quick stock profit in the uncertainty.