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Neitlich, the executive coach, has his doubts.
Instead of using extra cash to buy stocks, he is buying houses near his home in Sarasota, Fla., and renting them. He says he prefers real estate because it’s local and is something he can "control." He says stocks make up 12 percent his $800,000 investment portfolio, down from nearly 100 percent a few years ago.
Since 2007, individual investors have pulled at least $380 billion from U.S. stock funds.
Individuals have put more than $1 trillion into bond mutual funds alone since April 2007.
Foreigners, big purchasers in recent years, have sold $16 billion in the 12 months through September.
Public pension funds have cut stocks from 71 percent of their holdings before the recession to 66 percent last year.
After the dot-com crash, it seemed as if "things would turn around. Now, I don’t know," Neitlich says. "The risks are bigger than before."
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