Millennials agree on the best way to invest—but they're wrong. (via CNBCMakeIt)
new survey from Bankrate
asked more than 1,000 Americans what they consider the best way to invest money they won't need for 10 or more years. Real estate was the most popular response, chosen by 31% of respondents. For young people, that's especially true. Among millennials , 36% say real estate is the best long-term investment option. Zero-risk cash investments, such as high-yield savings accounts or CDs, came in second with 18% of respondents, while the stock market took third place, with 16% of respondents.
Not only do millennials have the highest preference for real estate of any generation, they're the least likely to put their money into stocks, the survey found. "Millennials have never warmed to the stock market despite the 10-year long bull market," Greg McBride, CFA and chief financial analyst at
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