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Equities recommended over property

Equities are superior to property as a long-term investment, according to a new study.A report from Skandia revealed that £30,000 invested in 1983 in UK shares would be worth upwards of £545,000 today.However, a house bought at the same time 25 years ago, when the average price was £30,000, would now only be worth £174,000.This put the growth rate of shares at 1718 per cent, compared to just 480 per cent for property.Michelle Cracknell, Skandia strategy director, said: "Continuous house price falls have highlighted how risky it is to rely on property alone as a long-term investment."Financial security is built by spreading your risk and the biggest winners are those who invest across a wide variety of sources."She added that equities have "consistently outperformed" the returns from cash in the past quarter century, which has seen similar economic climates to today's.However, she did warn that equities "come with associated risks".

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