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> millions upon millions of peoples retirements that are that much more secure This got me curious - what proportion of corporate shares are owned by retiremen

by deogeo 8y ago

> millions upon millions of peoples retirements that are that much more secure This got me curious - what proportion of corporate shares are owned by retirement funds? What proportion of shares are owned by the bottom ~90% of people by wealth?

MuffinFlavored 8y ago
I wonder this every day about daily stock market trade volume. What number of shares are institutional, hedge funds, retail investors, high frequency traders, etc. I hear it all of the time: "the retail investors are buying into Tesla/Netflix heavy, it's really running the price up" I really don't feel like the bottom 90% of retail investors can move the needle compared to big money, but I've never been able to prove it statistically.
formercoder 8y ago
This study suggests 37% https://www.taxpolicycenter.org/taxvox/only-about-one-quarter-corporate-stock-owned-taxable-shareholders https://www.taxpolicycenter.org/taxvox/only-about-one-quarte...
jdavis703 8y ago
The top 10 percent own 84 percent of stocks [0]. About a third of stocks are owned by various retirement instruments (pensions, IRAs, etc) [1]. These numbers don't add up because it is an apples to oranges comparison, which might not be the breakdown OP was looking for. 0: http://www.nber.org/papers/w24085 http://www.nber.org/papers/w24085 1: https://www.taxpolicycenter.org/sites/default/files/alfresco/publication-pdfs/2000790-The-Dwindling-Taxable-Share-of-U.S.-Corporate-Stock.pdf https://www.taxpolicycenter.org/sites/default/files/alfresco...
- ImprovedSilence 8y ago
  But 84+33>100...? I know you have sources there, but something doesn’t as up. I suppose there is overlap in top 10%, and retirement accounts. Also, top 10% are a lot of people, and they are probably mostly the ones close to retirement. Not saying there’s not wealth inequality, but look towards the top .01%. Also, I have an online brokerage account that I use to invest in stock. It’s not tax deferred, or labeled as retirement fund, but it is definitely a supplement to my 401k, and I only plan to withdraw as retirement. I would wager there’s a bit of “unlabeled” money like that out there too.
  - N_trglctc_joe 8y ago
    > But 84+33>100...? I know you have sources there, but something doesn’t as up. There's only a contradiction if the two groups are mutual exclusive. Retirement accounts belonging to those in the top 10% will be counted in both categories. Assuming the data is good, a little math shows that less than half of stocks owned by retirement accounts belong to the bottom 90%.

by deogeo 8y ago

MuffinFlavored 8y ago

I wonder this every day about daily stock market trade volume. What number of shares are institutional, hedge funds, retail investors, high frequency traders, etc. I hear it all of the time: "the retail investors are buying into Tesla/Netflix heavy, it's really running the price up" I really don't feel like the bottom 90% of retail investors can move the needle compared to big money, but I've never been able to prove it statistically.

formercoder 8y ago

This study suggests 37% https://www.taxpolicycenter.org/taxvox/only-about-one-quarter-corporate-stock-owned-taxable-shareholders https://www.taxpolicycenter.org/taxvox/only-about-one-quarte...

jdavis703 8y ago

The top 10 percent own 84 percent of stocks [0]. About a third of stocks are owned by various retirement instruments (pensions, IRAs, etc) [1]. These numbers don't add up because it is an apples to oranges comparison, which might not be the breakdown OP was looking for. 0: http://www.nber.org/papers/w24085 http://www.nber.org/papers/w24085 1: https://www.taxpolicycenter.org/sites/default/files/alfresco/publication-pdfs/2000790-The-Dwindling-Taxable-Share-of-U.S.-Corporate-Stock.pdf https://www.taxpolicycenter.org/sites/default/files/alfresco...

ImprovedSilence 8y ago
But 84+33>100...? I know you have sources there, but something doesn’t as up. I suppose there is overlap in top 10%, and retirement accounts. Also, top 10% are a lot of people, and they are probably mostly the ones close to retirement. Not saying there’s not wealth inequality, but look towards the top .01%. Also, I have an online brokerage account that I use to invest in stock. It’s not tax deferred, or labeled as retirement fund, but it is definitely a supplement to my 401k, and I only plan to withdraw as retirement. I would wager there’s a bit of “unlabeled” money like that out there too.
- N_trglctc_joe 8y ago
  > But 84+33>100...? I know you have sources there, but something doesn’t as up. There's only a contradiction if the two groups are mutual exclusive. Retirement accounts belonging to those in the top 10% will be counted in both categories. Assuming the data is good, a little math shows that less than half of stocks owned by retirement accounts belong to the bottom 90%.