:no_upscale():quality(75))
Financial consultancy deVere Group just surveyed almost 800 high-net-worth clients (with $1.5M in investable assets) and over 76% plan to increase investments during the first half of 2016.
deVere Group founder and CEO Nigel Green says these high rollers stacked up dry powder in 2015, waiting through the Fed’s rate hike saga, but now rock bottom prices are too good to resist, National Real Estate Investor reports.
Since 2016 kicked off, global markets have been hit by chaos from all angles; oil prices dropped, triggering a drop-off in equity markets. Then there's the uncertainty—once again—about the Fed raising interest rates further. Despite all this, Green advises clients to look long-term.
He says capitalizing on long-term performance of stock markets is "a time-honored way that investors can successfully build wealth.” Out of the roughly 800 surveyed, only 14% said they wouldn’t increase investments. [NREI]
