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Old 07-08-2019, 10:52 AM
 
1,296 posts, read 692,316 times
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Quote:
Originally Posted by MinivanDriver View Post
50% of all households hold stocks. Another sizable percentage hold stocks either through their 401ks or their pension funds. Anyone who claims that gains in the stock market aren't going into the pockets of average Americans is indulging in lazy class warfare.
MinivanDriver, I question if “50% of all households own stocks”. Do you have an authoritative source for that statistic?

The word “another” means “an other”. The contention that 50% of USA households hold stocks and another sizable portion of households, (other than the 50% of referred to), hold stocks either through their 401ks or their pension funds is complete nonsense.

I suppose the median value of the stocks held among only USA household that directly, or directly and indirectly own stocks, must be comparatively small. Otherwise, all of the statistics we read of USA's wealth and income disparities are false.
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Old 07-08-2019, 11:03 AM
 
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A once-every-three-years study by the Federal Reserve Board found that in 2016, 51.9 percent of families owned stocks, either directly or as part of a fund.

But the distribution of who owns what is a different tale

specifically 84 percent of equities is owned by the "top 10 percent," 9.3 percent for the "next 10 percent" and 6.7 percent for the "bottom 80 percent."
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Old 07-08-2019, 12:07 PM
 
1,898 posts, read 850,217 times
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Quote:
Originally Posted by mathjak107 View Post
A once-every-three-years study by the Federal Reserve Board found that in 2016, 51.9 percent of families owned stocks, either directly or as part of a fund.

But the distribution of who owns what is a different tale

specifically 84 percent of equities is owned by the "top 10 percent," 9.3 percent for the "next 10 percent" and 6.7 percent for the "bottom 80 percent."
Most stock ownership is thru investment plans. My guess is once you dump out cmpany based investments (pensions 401K) your under 25%. On an interesting note 61% of workers have access to a 401K which kind of makes that 52% depressingly low.
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Old 07-08-2019, 12:09 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
29,855 posts, read 54,568,102 times
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Quote:
Originally Posted by mathjak107 View Post
A once-every-three-years study by the Federal Reserve Board found that in 2016, 51.9 percent of families owned stocks, either directly or as part of a fund.

But the distribution of who owns what is a different tale

specifically 84 percent of equities is owned by the "top 10 percent," 9.3 percent for the "next 10 percent" and 6.7 percent for the "bottom 80 percent."
By that definition, many people who have just a small 401K after a year or two in their job are owners of stock, and many probably don't even realize it.
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Old 07-08-2019, 12:13 PM
 
71,798 posts, read 71,896,917 times
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Quote:
Originally Posted by Hemlock140 View Post
By that definition, many people who have just a small 401K after a year or two in their job are owners of stock, and many probably don't even realize it.
That would be correct
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Old 07-08-2019, 12:20 PM
 
Location: NE Mississippi
13,691 posts, read 8,604,875 times
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Quote:
Originally Posted by Supposn View Post
MinivanDriver, I question if “50% of all households own stocks”. Do you have an authoritative source for that statistic?..............
I'll say this:
100% of households CAN own stocks.
But of course I have no "authoritative source" for that statement.
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Old 07-11-2019, 03:30 PM
 
2,248 posts, read 562,664 times
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Quote:
Originally Posted by mathjak107 View Post
A once-every-three-years study by the Federal Reserve Board found that in 2016, 51.9 percent of families owned stocks, either directly or as part of a fund.

But the distribution of who owns what is a different tale

specifically 84 percent of equities is owned by the "top 10 percent," 9.3 percent for the "next 10 percent" and 6.7 percent for the "bottom 80 percent."
That study ignores equity ownership by public sector pensions funds - the largest owners by far.
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Old 07-11-2019, 03:32 PM
 
2,248 posts, read 562,664 times
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Quote:
Originally Posted by Listener2307 View Post
But of course I have no "authoritative source" for that statement.
Hmmm... no authoritative source? Well, have you ever stayed in a Holiday Inn Express?
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Old 07-11-2019, 04:18 PM
 
71,798 posts, read 71,896,917 times
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Quote:
Originally Posted by RationalExpectations View Post
That study ignores equity ownership by public sector pensions funds - the largest owners by far.
i would think they should not include pension funds at all since that is not held by individuals ... individuals get an income stream ...where that stream comes from has nothing to do with the individual as far as how the money is derived at.

you will never hear someone who gets a pension and owns no stock say they own equities because indirectly their pension comes from some ownership
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Old 07-12-2019, 05:31 PM
 
Location: Oregon, formerly Texas
5,459 posts, read 3,771,032 times
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It's a pretty big distinction whether someone owns actual stock or just contributes to a fund through their work. If it's the latter - they are not actively involved in any decisions regarding the funds, someone else manages it and someone at the workplace makes decisions of how much can be contributed, which classes of funds to buy, etc... the worker justs put a contribution in through deferred compensation. I hardly consider that person an "investor" even though that person has an interest in the market doing well. But we all do.



If a person has an account with a brokerage where they can actually make buy and sell decisions... that person is an actual investor even if it's a small amount.
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