Money Matters

How the Wealthy Invest

March 14, 2008 RSS Feed Print

Nearly three fourths of affluent households (those with $1 million or more of investable assets) hold a so-called alternative investment, according to research by the Phoenix Cos. Real estate is the most widely held alternative (about 45 percent), followed by exchange-traded funds (nearly 30 percent), hedge funds (around 25 percent), and private-equity funds (more than 20 percent). About half of those investors say they'll continue to invest the same amount or more in the coming year.

Tags:: investing

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Money Matters

Katy Marquardt came to U.S. News from Kiplinger's Personal Finance magazine, where she profiled rising stars in the mutual-fund world and wrote about investing in stocks and racehorses. Katy hails from Abilene, Texas, and graduated from the University of Texas-Austin.

Kirk Shinkle is a senior editor at U.S. News. Formerly, he covered business and economics on both coasts for Investor's Business Daily. A native of the Montana-Texas corridor, he currently resides in the wilds of west Brooklyn. His checkered online evolution looks like this: Friendster, still (!). MySpace, no. Facebook, yes. He blogs here, Twitters occasionally, and has yet to Tumblr.