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:
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
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
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
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
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