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I am extremely excited to announce my new e-book,
is now available !! Click here to find out more.
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November 5, 2006 The Stock Market is the Key to Wealth I was reading an article today with the headline “Those getting richer probably don’t include you.” It was an interesting article pointing out that the top 1% of households in 2004 had 19.8% of the entire nations pre-tax income with an average income of $326,720. The top tenth of a percent had 9.5% of pre-tax income. What was one of the underlying causes? It really is no surprise to learn that they have money in the stock market. The average portfolio for the top 10% was $110,000, while the stocks held by 90% averaged a value of $8350. This becomes even more interesting when you think that many people don’t own any stocks at all. Reading into the data, I would venture a guess that out of the 90% probably the top half owns twice the $8350 number and the bottom half owns none. The other factor that I thought was interesting was that those with higher education earned on average nearly twice what those without higher education. (This has been shown many times. Note to the younger generation; Stay in school, graduate from college, have a richer life. My older son likes to point out that some of the richest people don’t have a college education, but those folks are definitely the exception.) The bottom line to all of this is to invest in the stock market, and stay in the market. The wealthy get wealthier, and those climbing into the wealthy category are most likely to get there and stay there by investing in the market. Now, what are you planning to do with ‘extra’ money? Go get a big screen TV and a larger house? Run out and buy the latest CD from the newest sensation? Invest in the stock market? I guess your answer depends on your goal for the future. Until next week, Solid Investing to all, and hope to see you in the top ten percent someday. Rob
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Want a scholarship into the Millionaire Mind Intensive worth $2590? http://www.secretsofthemillionairemind.com The columns, articles, message board posts and/or any other features provided on Wealth Training Source are provided for personal finance and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author’s own and there is no implied endorsement by Robert Britt of any advice or trading strategy copyright Robert E. Britt 2006 |
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