AAA Claims the Wealthy are Turning to Tangible Assets

AAA claims that a growing number of wealthy investors are buying things like art, antiques and jewellery instead of stocks and bonds.

Boston, MA, July 31, 2012 – Alternative Asset Analysis (AAA) claims that a growing number of wealthy investors are buying things like art, antiques and jewellery instead of stocks and bonds.

The alternative investment market has become even more ‘alternative’ according to AAA, an alternative investment advocacy group. Its analysis partner, Anthony Johnson, is backing a new report from Barclays Wealth Insights in the UK, which found that millionaires in Ireland now have 10 per cent of their wealth tied up in investments including antique furniture and fine art and jewellery.

The research found that a large percentage (73 per cent) of the wealthy people questioned in the report said they were finding it increasingly difficult to source secure investments. As a result, they are looking towards tangible items that have intrinsic value, as well as a value that can grow due to variable such as rarity, craftmanship, fashion and age.

Pat McCormack, the head of wealth management at Barclays, said, “Treasure may, if you’re lucky or very knowledgeable, give you a financial return, but buy something you enjoy and it will always give you an emotional return.”

“This report just goes to show how investors don’t need to just rely on stocks and shares to make money – in fact, there is a growing number of viable alternative investments to consider, such as art, antiques, precious metals, timberland and wine,” stated Mr Johnson.

AAA advocates the decision to invest in alternatives at a time when the equity markets are extremely volatile, thanks to the ongoing global economic slump. The group is particularly keen to promote ethical choices, such as impact investing and investing in sustainable forestry and timberland through firms like Greenwood Management, which operate sustainable plantations on non-native tree species in Brazil and Canada.

“Timberland offers investors a great diversifier for their investment portfolios,” added Mr Johnson.

Contact:
Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
617-939-9596
info@alternativeassetanalysis.com
http://www.alternativeassetanalysis.com

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