Americans – Real Estate is the the Best Long-Term Investment

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Some Highlights:

  • Real estate outranks stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans.
  • Real estate is ranked as the best long-term investment among all age groups.
  • Millennials rank both real estate and savings/CDs at 26% when it comes to the best long-term investment.

Real Estate #1 Long Term Investment

STM-ShareThe Gallup organization recently released a survey in which Americans were asked to rank what they considered to be the “best long term investment.” Real estate ranked number one, with 35% of those surveyed saying it was a better long term investment than stocks & mutual funds, gold, savings accounts or bonds.

Here is the breakdown:

Americans Rank Real Estate #1 Long Term Investment | Simplifying The Market

The survey revealed that real estate was the number one choice among each of the following groups:

  • Men
  • Women
  • People between the ages of 18-29
  • People between the ages of 30-49
  • People between the ages of 50-64
  • People 65 and older
  • People with annual earnings of less than $30,000
  • People with annual earnings between $30,000 and $74,999
  • People with annual earnings of over $75,000
  • People with a college degree
  • People without a college degree

Even stock investors ranked real estate number one. According to the report:

“With housing prices showing a steadier path upward in recent months, even stock investors are about as likely…to choose real estate (37%) as stocks (32%) as the best long-term investment.”

2015 IRA Contribution

IT’S NOT TOO LATE FOR A 2015 IRA CONTRIBUTION

Don’t forget that you have until April 18, 2016 to contribute to your 2015 IRA. The contribution limit this year is:

  • $5,500 ($6,500 if you’re age 50 or older), or
  • Your taxable compensation for the year, if your compensation was less than this dollar limit.

The IRA contribution limit doesn’t apply to rollover contributions or qualified reservist payments.  Click here to visit the IRS web site for details.