Where is the smart money being invested these days? According to a new survey from the Institute of Private Investors, ultra-wealthy Americans - defined as those with assets of at least $30 million - they're looking less at the stock market and more towards commodities and real estate.
The survey found that 45 percent of the respondents had increased their allocation to commodities. Another 31 percent had increased their allocation to real estate, and 22 percent had increased their allocation to private equity investments.
One interesting finding of the survey is that even America's wealthiest people are increasingly dependent on financial advisors. Some 62 percent of the respondents say they now rely on an advisor to help handle 50 percent or more of their wealth. That's the highest that figure has been in the history of the survey.
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