In the rarefied world of the wealthy, timber is the hot new commodity.

Timber! Why the rich are buying trees

141124111427-timber-investing-1024x576That’s according to Dennis Moon, head of Specialty Asset Management at U.S. Trust, a division of Bank of America (BAC), whose job it is to find, manage, and log plots of trees for the firm’s well-healed clients.

Ever since the financial crisis, business is booming, as rich families have worked tirelessly to diversify their investments beyond traditional stocks and bonds.

Here’s why the 1% are loving lumber, and all the green that comes with it.

‘Steady eddie’ investment: After seeing their portfolios pummeled during the recession, many wealthy people have flocked to asset classes that don’t rise and fall with the stock markets. That’s where timber comes in.

 

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