Americans say they want to invest in real estate ... but prioritizing property over stocks may not be the best idea
When asked their preferred way to invest money they won’t need for more than 10 years, Americans’ No. 1 choice is real estate, according to a survey of more than 1,000 adults from personal finance firm Bankrate.
“The reason most people feel real estate is the most preferred option is because it is tangible and they understand it,” explains certified financial planner Mitchell C. Hockenbury of 1440 Financial Partners in Kansas City, Mo. And Greg McBride, Bankrate’s chief economist, notes that the tangible nature of real estate “likely makes it seem less prone to loss than the more abstract ownership stake in publicly traded companies held in your ETF.
The issue, though, is that prioritizing real estate over stocks in your long-term investment strategy could be costly. “Which fares better over long periods of time? The stock market. Hands down. Not gold, not houses, not oil ... stocks,” says Hockenbury. “Over long investment horizons, the stock market has historically provided the best returns,” concludes Greg McBride. “Of course as every disclaimer says, past performance is no guarantee of future results. But diversifying your money across hundreds or even thousands of companies with a very modest sum of money and near zero fees is a very efficient way to invest and increases the odds of success.
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