Good News, Bulls: Middle Class Still Hates Stocks
- Joshua M Brown
- December 9th, 2010
That was such a Clusterstocky headline, I know…anyway.
Ever hear of the Mass Affluent Investor Report? Me neither. Supposedly, this is a look at “folks with a net worth between $100,000 to $1 million––excluding primary residence”.
OK. The results of this study’s 2010 iteration will be music to the ears of the bulls…
The “Mass Affluent Investor 2010” report, based on a survey of the financial decision-makers in 1,511 households, found 40% of mass affluent investors are likely to invest in cash in the upcoming year versus 23% likely to buy stocks or 17% to buy fixed-income vehicles. Twelve percent said they’re likely to make international investments and 6% are likely to invest in real estate.
Barring any unseen cataclysmic events, these so-called mass affluent investors are the people who could be taking you out of your stocks at higher prices.
Personally, I pay close attention to what people do, not what they say, and I don’t believe for a minute that 77% of the middle class is unlikely to buy stock in the next year. But hey, survey says.
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.blog comments powered by Disqus
The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.