Todd Hauer //April 29, 2013//
(Editor’s note: This is the second of two parts. Read Part 1.)
The recent Morgan Stanley Wealth Management Investor Pulse Poll had some interesting findings. Denver investors sense improvement in their local housing market, and at least three in 10 believe real estate will be the best-performing asset class over the next three years.
Millionaires are different
Investors with household assets of $1 million or more are more likely to see improvement in their portfolios from 2012 (74 percent versus 48 percent in lower asset group) and, predictably, are less likely to be concerned about financial issues impacting their personal finances in the long-term, such as:
Millionaires are also more interested in the oil and gas industry relative to total investors (50 percent have invested vs. 29 percent; 45 percent plan to invest vs. 30 percent). They are also more bullish on REITs (54 percent vs. 31 percent) and commercial real estate (33 percent vs. 21 percent).
Financial advice in high demand
Guidance, analysis and clear communications are the leading expectations for financial professionals among the 77 percent of Denver investors who have one: