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Government bonds are being sold off by rich UK investors who are switching to Classic Cars, art, property and shares, it has been reported in financial web pages.

Lloyds Private Banking division employed YouGov to carry out research of 1,000 UK adults all with over £250,000 of investible assets. The survey results said their government bond holdings fell by 16% from over £64,000 in October 2012 to £54,043 in September 2013.

Ashish Misra of Lloyds Bank Private Banking is reported to have said: "It is interesting to see investors putting more money into collectables. Tangible assets can be a popular choice for those wishing to diversify their portfolios, certain types of asset such as classic cars have certainly seen significant returns in recent times, but it's important to remember the risks these assets carry as well.
"They cost money to store, maintain and insure, and one incident such as theft or damage can significantly impact or even wipe out their value. As such, investors should consider them as part of an overall investment strategy, and make sure their portfolio is well-balanced."

Southwood Car Company says that they are far more interesting than bonds, shares and financial investments, but then again we are not financial advisers, we just love great cars and think they are fantastic to own!