I was recently looking up statistics on stock ownership broken down by subgroup (income level, education, age, race/ethnicity, gender, and political party affiliation), and I was surprised to discover that while around 60% of both Democrats and Republicans own stocks (61% and 65%, respectively), only 53% of Independents invest in the stock market. This is … Continue reading Why Do Fewer Independents Own Stocks Than Democrats and Republicans?
With the stock market at record highs, a pandemic ravaging our country, and a violent mob attempting to overthrow the government, it's only a matter of time before the stock market takes a dive. Although it's unpleasant to see your investments lose value, this is not something to fear. The market goes up and down … Continue reading How To Prepare For A Market Downturn
There is a retirement crisis in America. According to a 2019 survey by Charles Schwab, Americans believe they need $1.7 million on average to retire. However, the 2019 Survey of Consumer Finances sponsored by the Federal Reserve Board found that Americans aged 65 to 74 have only $426,070 on average saved for retirement. Median retirement … Continue reading How To Use Your Stimulus Checks To Help Your Children Retire
When I was in my early 20s, I thought the stock market was out of reach for me. I heard news anchors announcing the Dow and Nasdaq indexes on the radio day in and day out, but never had it occurred to me that I should invest in it myself. I was a graduate student … Continue reading Why You Should Start Investing in the Stock Market in Your Twenties