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Millionaires See Real Estate as Top Investment for 2014

Check out this article I saw in Bloomberg

If you’re buying or selling real estate, the first paragraph will really catch your eye…

“U.S. millionaires see real estate as the top alternative-asset class to own this year, according to Morgan Stanley.”

And this will put a smile on your face…

“After a year where the Standard & Poor’s Index rose 30 percent, some millionaires are moving money out of traditional, long-only strategies to find outperformance, and turning toward alternatives such as real estate and private equity,” said Gary Kaminsky, a vice chairman at Morgan Stanley Wealth Management in New York.”

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