Black People : Do u invest in stocks, mutual funds, bond, etc? If NOT why?

[Aqil]

Poll: Blacks less likely to invest in stocks

By Sandra Block, USA TODAY

The percentage of African-Americans with money invested in stocks and mutual funds plummeted last year, and less than half of high-income black investors believe the stock market is the best place for long-term investments, a survey reports.

Only 61% of African-Americans have money in the stock market, vs. 74% in 2002, according to the annual Ariel-Schwab Black Investor Survey.

That's close to the 57% level in 1998, the first year of the survey.

By contrast, the percentage of whites with money invested in the stock market has remained at about 79% in the past five years, the study found.

http://www.usatoday.com/money/perfi/stocks/2003-06-24-ariel_x.htm

 

[j'hiah]

Nfant, great post and definitely, definitely most needed.

This is how they are able to send their children's children to college and make other provisions.
We (not all of us) have to get out of the check-to-check mental syndrome.
But today, with overall interest rates down, bonds of any kind are less likely to have a greater return from investment; however you can buy them at whatever fixed percentage you choose.