Wednesday, January 29, 2014

Most People don't Benefit from Rising Stock Prices

Marc Faber : This morning, I said most people don't benefit from rising stock prices. This handsome young man on my left said I was incorrect. [Gabelli starts preening.] Yet, here are some statistics from Gallup's annual economy and personal-finance survey on the percentage of U.S. adults invested in the market. The survey, whose results were published in May, asks whether respondents personally or jointly with a spouse have any money invested in the market, either in individual stock accounts, stock mutual funds, self-directed 401(k) retirement accounts, or individual retirement accounts. Only 52% responded positively. - in Barron's roundtable 2014

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

1 comment:

  1. That's what saving, investing, and financial freedom is all about - being smart about your choices. You'll never get all of your wants anyway, so why not choose the ones you want the most, right? Consulting financial services advisor, advice you more about the financial investment program. We always need that investing and financial freedom does not involve sacrifice.


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