The Rich Buy Real Estate; The Poor Want Gold

If you want to know what someone’s views of society are, ask what they believe is the best long-term investment.

I am fascinated each year when Gallup Poll asks Americans to choose the best option among real estate, stocks and mutual funds, gold, savings accounts and CDs, or bonds. The results are a pop psychologist’s dream of cognitive issues, belief systems and ideologies.

See the following chart:

Source: Gallup

Now, before we get into the details, some caveats: First, people often don’t really know what they want or think. Instead, when questioning people about their hopes and desires, we end up with a distorted mass-media version of a bad Robin Leach television series. Sad but true, often we don’t know what we want out of life.

Second, survey responses are not all they appear to be. There is value in the collective data, but we need to dive into the details to tease out some fascinating cultural differences.

Consider what happens when we divide the survey responses along income lines. We discover some very telling things about the American psyche.   Continues here

 

 

Category: Gold & Precious Metals, Investing, Psychology, Real Estate

Offshore Tax Havens

Offshore Tax Havens Cost You $1,259 a Year



Category: Taxes and Policy, Video

Category: Bailouts, Economy, Think Tank

More War Lies Sold By the Same Lying Liars

Painting by Anthony Freda: www.AnthonyFreda.com Peddler of Iraq War Lies Now Pushes Lies On Ukraine to Drum Up Confrontation with Russia Intelligence regarding Syria is arguably being manipulated even more blatantly than intelligence on Saddam and Iraq. Media coverage of Syria and Ukraine is as bad as it was of the Iraq war … or…Read More

Category: Think Tank, UnGuru, War/Defense

What NBA Teams Should You Bet On ?

Source: Know More

Category: Data Analysis, Digital Media, Sports, Weekend

10 Monday PM Reads

My afternoon train reading: • How to consistently beat the market — follow trends (Physics of Finance) • That ’90s stock-market feeling: The Obama rally feels familiar, but it lags behind the Clinton bull market. (WSJ) • Managing the Mental Aspect of Investing (AAII) • The Rise and Fall of Gold (QuickTake) • Property-Tax Collections Rising at Fastest Pace Since…Read More

Category: Financial Press

What Does NYC’s Top 1% Look lIke?

click for larger table Source: IBO, Crains     Continues here

Category: Data Analysis, Wages & Income

10 Monday AM Reads

Some reads for your post-holiday malaise: • Risk of Stock Pullback Continues (Moneybeat) but see Tech Fall Isn’t Seen as Sign of Trouble (WSJ) • Rob Arnott: Demographics Are the Markets’ 800-Pound Gorilla (Barron’s) • What happens when the sadomonetarists move in (NYT) • Peculiar Traits of Rich People (Motley Fool) Continues here

Category: Financial Press

The Cognitive Side of Hedge Fund Investing

Larry Swedroe, research director for BAM Advisor Services LLC, noted earlier this month that total hedge fund assets under management, or AUM, reached $2.63 trillion. This represents a sizable increase, despite fund performance generously described as lackluster. The increase in assets under management led to some interesting discussions. Lots of readers had e-mailed me with…Read More

Category: Hedge Funds, Investing, Psychology

Tesla’s Fight to Keep Direct-Sale Stores

National Auto Dealers Association Public Affairs Vice President Jonathan Collegio discusses defending the Tesla showroom ban with Trish Regan on Bloomberg Television’s “Street Smart.


Source: Bloomberg

Category: Legal, Video