What’s keeping the markets up in a down economy? The “super rich,” according to a NY Post
report on a battery of new studies, as they find that stocks are the best
investment in a time of low interest rates.
“The ultra-wealthy are looking for yield, and right now the
average yield of a S&P 500 stock is over twice the average on a two-year
CD,” financial adviser Ron Weiner told The Post.
“If you are just looking for some kind of dividend that pays
more that a fixed-income CD, that search would drive you into buying relatively
conservative stocks,” added Weiner, founder and CEO of RDM Financial Group. “There are plenty of these kind of stocks in
traditional, safe-yielding companies like AT&T, Johnson & Johnson and
IBM,” he said….
Wait, wait…there’s more at http://www.nypost.com/p/news/business/super_market_80jid62HjlctR4hzfFY7gJ
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