For wealthy investors, stocks trump real estate of late

By SCOTT SUTTELL1:39 pm, June 6, 2006

Wealthy Americans have great expectations for their stocks this year, but they’re worried about the prospects for real estate, according to a new survey.CNNMoney.com reports that nine out of 10 wealthy portfolio holders said they expect their portfolios to rise in 2006, according to the 2006 U.S. Trust Survey of Affluent Americans.

On average, they expect an 8% return from U.S. stocks.“Faith in the real estate market, however, was weak,” according to the story. “Only 48 percent said they expect real estate's value to increase in the next year, down from 72 percent who thought it would in last year's survey. Thirty-three percent of respondents expect real estate values to decline over the next year. That number is up from 14 percent who thought that last year.”