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Why do wealthy blacks & Latinos rarely invest in stock market/bonds/Roth IRA

Seems like their money goes to cars, whores, and clothes
angry selfie
  01/09/17
Because they're uneducated and don't know anything about mon...
chestnut dashing station
  01/09/17
For the risk-averse investor, an adviser such as Butowsky wo...
comical heaven halford
  01/09/17
this makes an immense amount of sense
exciting legal warrant
  01/09/17
...
angry selfie
  01/09/17
...
pungent charcoal range
  01/09/17


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Date: January 9th, 2017 12:38 AM
Author: angry selfie

Seems like their money goes to cars, whores, and clothes

(http://www.autoadmit.com/thread.php?thread_id=3485791&forum_id=2#32331790)



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Date: January 9th, 2017 12:39 AM
Author: chestnut dashing station

Because they're uneducated and don't know anything about money. You see this among white proles, too.

(http://www.autoadmit.com/thread.php?thread_id=3485791&forum_id=2#32331795)



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Date: January 9th, 2017 12:43 AM
Author: comical heaven halford

For the risk-averse investor, an adviser such as Butowsky would suggest allocating 5%to private equity, 7%-12% to real estate, 50%-65% to a mix of public securities(stocks, mutual funds and the like) and the rest to alternatives such as gold and hedge funds. Yet with athletes, who are often uninterested in either conservative spending or the stock market, those percentages are frequently flipped. Securities are invisible, after all, and if you don't study them,they're unintelligible. Not to mention boring. Inventions, nightclubs, car dealerships and T-shirt companies have an advantage: the thrill of tangibility.

http://www.si.com/vault/2009/03/23/105789480/how-and-why-athletes-go-broke

(http://www.autoadmit.com/thread.php?thread_id=3485791&forum_id=2#32331810)



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Date: January 9th, 2017 12:45 AM
Author: exciting legal warrant

this makes an immense amount of sense

(http://www.autoadmit.com/thread.php?thread_id=3485791&forum_id=2#32331822)



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Date: January 9th, 2017 12:46 AM
Author: angry selfie



(http://www.autoadmit.com/thread.php?thread_id=3485791&forum_id=2#32331828)



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Date: January 9th, 2017 12:47 AM
Author: pungent charcoal range



(http://www.autoadmit.com/thread.php?thread_id=3485791&forum_id=2#32331832)