| Users Online Now: 1,442 (Who's On?) | Visitors Today: 110,548 | |
| Pageviews Today: 181,193 | Threads Today: 61 | Posts Today: 1,104 |
| 01:50 AM | ||
| Users Online Now: 1,442 (Who's On?) | Visitors Today: 110,548 | |
| Pageviews Today: 181,193 | Threads Today: 61 | Posts Today: 1,104 |
| 01:50 AM | ||
DOW exploding! GREEN SHOOTS! | |
YEAST OF HER WORRIES  User ID: 76649084  Canada06/05/2020 09:31 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76288549  United States06/05/2020 10:30 AM Report Abusive Post Report Copyright Violation | AH YES Quoting: NoKnowthing LETS CHEER ON AS THE CORPORATIONS AND BILLIONARE LOOT AWAY THE MIDDLE CLASS. Only 51.9% of Families Own Stock When you look at the entire population of the United States, fewer than 52% of families own stock. They can own it through a taxable brokerage account or a retirement account, but only 51.9% own any stock whatsoever. The telling statistics is how this changes based on your percentile of usual income : Of the top 10% of income earners, 94.7% own stock. Of the 80-89.9% percentile of income, 85.3% own stock. Of the 60-79.9% percentile of income, 73.6% own stock. Of the 40-59.9% percentile of income, 51.8% own stock. Of the 20-39.9% percentile of income, 32.5.6% own stock. Of the bottom 19.9% percentile of income, just 11.6% own stock. As for the median value of those holdings? For all families, the median is $40,000. The breakdown is: Of the top 10% of income earners, the median value is $363,400 Of the 80-89.9% percentile of income, the median value is $81,200 Of the 60-79.9% percentile of income, the median value is $32,400 Of the 40-59.9% percentile of income, the median value is $15,000 Of the 20-39.9% percentile of income, the median value is $10,000 Of the bottom 19.9% percentile of income, the median value is $6,000 (recall, the median income in the United States is just $63,179) Why don't they own stock? Nowadays, most brokerage firms don't charge anything for making a purchase, not like years ago when fees to purchase stock could cost up to $20. Lots of brokerage firms don't even have a minimum balance requirement for opening an account. Things have changed! Sure, there are risks involved, but when you compare the return you get on a savings account that only pays on average interest of .1% to the 2-4% or higher dividend return on stocks, it's a no-brainer as to where savers should be parking any extra cash they may have. Not saving? Everyone should be! Years ago, I read that Rockefeller's formula for success was to save 10% of his income, give 10% of his income, and live off whatever was left over. A relative of mine also told me that the secret to her success was the habit of paying herself first BEFORE paying any other bills, buying groceries, etc. I suppose that could compare to Rockefeller's formula for saving 10%. If more young people would adopt those habits, they'd be looking at a very bright and prosperous future! Corporations looting the middle class? Get real! Owning stock is like being a co-owner of the corporation. When a company prospers, the stock owner shares in that prosperity and gets a share of that prosperity in the form of dividends. |
| Anonymous Coward User ID: 78456204 United States06/05/2020 10:33 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 71087851 United States06/05/2020 10:35 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78106967 United States06/05/2020 10:37 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 77391763 United States06/08/2020 09:01 AM Report Abusive Post Report Copyright Violation | FUTURES EXPLODING AGAIN TODAY! There is no stopping this Greatest Bull Run in the history of the world! MOAAAAAARRRRRR!! [link to finviz.com (secure)]  |
