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I would like to see what % of the stock market is held by individuals. 0 in savings but 100K in the stock market..if you get an average Div Yield of 2% (not dif
by RmDen 10y ago
I would like to see what % of the stock market is held by individuals. 0 in savings but 100K in the stock market..if you get an average Div Yield of 2% (not difficult if you add AT&T, PCG, GE, DUK etc etc to your holdings) you would get a much better return, not even counting the price increase. Also how many people have 0 in savings but 100K+ in 401K/IRA accounts. Nobody saves in a cash account for retirement right? why would you, you get no tax break
- xenihn 10y agoI don't like how the article isn't exactly clear on whether the people with less than $1,000 in their savings aren't simply using their checking accounts to store their cash. I've seen similar articles about a large percentage of Americans being unable to come up with $x amount of money on short notice for an emergency. I think that wording is more specific -- it implies that they don't have the money in any sort of liquid form, whether that be bank accounts, physical assets, or even cryptocurrencies.
- theandrewbailey 10y agoI view savings accounts as a staging area for other kinds of investment (house, stocks, etc). It's not meant to be the primary storage, but absolutely can count towards retirement.