Quantitative easing and low interest rates might be what the US needs to get its economic engine running again after the recession. But that combination has been detrimental for investors looking for returns on their investments.
So what are people investing in these days? For regular folks, index funds are still the best bet. But those with ultra high net-worth--say over US $30 million or more--are finding new, niche, and ever-riskier places to invest their money. Here to explain is Marketplace’s Paddy Hirsch.
Paddy Hirsch, senior editor at American Public Media’s Marketplace and author of Man vs. Markets: Economics Explained (HarperBusiness, 2012)