I have been the capital deployments among America’s wealth, and according to a recent U.S. Trust white paper, affluent Americans are looking towards more esoteric alternative asset investments in real estate, farmland, and timber:
Although 89% of respondents say their biggest investment gains have come from traditional stocks and bonds, more sophisticated strategies are present in the portfolios of the wealthy. Use of tangible assets — such as investment in real estate, farmland and timber properties — is substantial and increasing. Nearly half of the wealthy (48%) currently [editor’s note: this is 2016] own tangible assets, up from 41 percent in 2014.U.S. Trust Insights on Wealth and Worth
That is quite the striking passage. In other words, this quote is wealthy, presumably very smart, somewhat older, Americans saying: “I made almost all of my money from x. I know x works. But I want to do y because it … Read the rest of this article!