Three out of five investors with household incomes of more than $100,000 expect to see their wealth grow by at least 10% this year, according to a Bloomberg News/Los Angeles Times poll, but they’re divided over where those gains will come from. More than half of those polled (51%) pointed east, to Asia, as the region with the best prospects, twice the percentage of those who felt the U.S. is the place to be. Investors with household income of less than $100,000 were less certain about Asia, with only 30% naming it as the best region for investment this year; the percentage choosing the U.S. was about the same as the wealthier group.
When asked where they would invest $1 million, the $100,000-plus club chose real estate (30%), stocks (22%), mutual funds (14%) and bonds (8%).