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AAA Claims the Wealthy are Turning to Tangible Assets
AAA claims that a growing number of wealthy investors are buying things like art, antiques and jewellery instead of stocks and bonds.
The alternative investment market has become even more ‘alternative’
The research found that a large percentage (73 per cent) of the wealthy people questioned in the report said they were finding it increasingly difficult to source secure investments. As a result, they are looking towards tangible items that have intrinsic value, as well as a value that can grow due to variable such as rarity, craftmanship, fashion and age.
Pat McCormack, the head of wealth management at Barclays, said, "Treasure may, if you're lucky or very knowledgeable, give you a financial return, but buy something you enjoy and it will always give you an emotional return."
“This report just goes to show how investors don’t need to just rely on stocks and shares to make money – in fact, there is a growing number of viable alternative investments to consider, such as art, antiques, precious metals, timberland and wine,” stated Mr Johnson.
AAA advocates the decision to invest in alternatives at a time when the equity markets are extremely volatile, thanks to the ongoing global economic slump. The group is particularly keen to promote ethical choices, such as impact investing and investing in sustainable forestry and timberland through firms like Greenwood Management, which operate sustainable plantations on non-native tree species in Brazil and Canada.
“Timberland offers investors a great diversifier for their investment portfolios,”
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