Millionaires See Real Estate as Top Investment for 2014
Margaret Collins and David M. Levitt over at Bloomberg report that millionaires will choose real estate as their top investment for 2014. This prediction, reached through research conducted by Morgan Stanley, say, “direct ownership of residential and commercial properties was the No. 1 alternative-investment pick for 2014, with a third of millionaires surveyed saying they plan to buy this year. Twenty-three percent said they expect to invest in real estate investment trusts, the second-most popular choice.” Something to think about as you consider your own investments for 2014!