Coronavirus made the stock market an investment favorite for 28% of Americans: Study
Money Map Press chief investment strategist Shah Gilani, Constellation Research founder Ray Wang and Lee Munson of Portfolio Wealth Advisors provide insight into investing, markets and tech stocks.More than one-quarter of Americans are looking toward the stock market for long-term investments of at least 10 years, a new personal finance survey shows.
In fact, 28 percent of U.S. adults in a sample of 1,007 respondents told Bankrate that they would prefer to invest their excess funds in the stock market for a decade or longer. This response is up 8 percent from a survey the company issued last year but is down 4 percent from 2018.
BIDEN BLUE WAVE COULD CRUSH THESE PARTS OF THE STOCK MARKET
“Despite falling by more than one-third in just over a month at the outset of the pandemic, more Americans point to the stock market as the best place to invest money long-term,” explained Bankrate Chief Financial Analyst Greg McBride. “The swift rebounds this spring and following a 20 percent decline at the end of 2018 have convinced more investors of the market’s long-term merits.”
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Not so surprisingly, the stock market was most popular among high earners who make $75,000 per year or more. Thirty-nine percent of this well-off group looked at the stock market favorably. For low earners who make less than $30,000 per year, the stock market wasn’t necessarily the top choice but it was still enough to make 22 percent of these respondents view it as a long-term investment strategy.
Likewise, 37 percent of respondents with a college degree think the stock market is a good investment option while respondents with a high school diploma think the same. stock market stock market stock market/ stock market stock market stock market/ stock market stock market stock market stock market stock market stock market stock market stock market stock market/ stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market/ stock market stock market stock market stock market stock market stock market/ stock market stock market/ stock market stock market stock market stock market stock market/ stock market/ stock market stock market stock market stock market stock market/ stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market/ stock market stock market stock market/ stock market stock market stock market stock market stock market/ stock market stock market/
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Men were more likely to view the stock market favorably at 40 percent versus women at 29 percent.
Similarly, Baby Boomers between the ages of 56 and 74 were most likely to have “aggressive” investment plans for the stock market. Millennials between the ages of 24 and 39 were the second age demographic to have decade-long investment plans followed by Gen Xers between the ages of 40 and 55.
CORONAVIRUS LED 33% OF AMERICANS TO MAKE A CREDIT-HARMING DECISION: STUDY
Of those who don’t intend to put money into the stock market long-term, more than half – 54 percent – of respondents told Bankrate the coronavirus pandemic largely shaped their decision.
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Additionally, 42 percent said their investment strategy has been swayed throughout the pandemic. A little more than one-quarter of Americans intend to invest “less aggressively” in the coming decade after COVID-19 while 57 percent don’t intend to change their investment level at all stock market/ stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market/ stock market stock market stock market stock market stock market stock market stock market stock market/ stock market/ stock market stock market stock market stock market stock market stock market stock market/ stock market stock market/ stock market/ stock market stock market/ stock market stock market stock market/ stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market/ stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market/ stock market stock market stock market/ stock market stock market stock market stock market/ stock market stock market stock market stock market stock market/ stock market/ stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market stock market
eWork’s Failed IPO Leaves a Lasting Impact on the Stock Market
© Bloomberg Signage is displayed on a WeWork co-working space, operated
by parent company We Co., in downtown San Diego, California, U.S., on
Thursday, May 7, 2020. Emptied out malls and hotels across the U.S. have
triggered an unprecedented surge in requests for payment relief on
commercial mortgage-backed securities, an early sign of a
pandemic-induced real estate crisis. Subscribe to Foundering on Apple
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(Bloomberg) -- A year ago, WeWork was getting ready for one of the decade’s most anticipated initial public offerings. The company had spent nine years chasing lightning-fast growth, burning through billions of dollars and expanding around the world. In 2019, WeWork reached a turning point: It needed even more cash, and co-founder Adam Neumann decided to take his company public.
But suddenly, in the span of a few weeks, his plan crashed spectacularly. The almost-IPO flopped, and WeWork became a laughingstock. In the sixth episode of our podcast series Foundering, we reveal how the company’s fortunes flipped so fast, why no one there saw it coming and how the experience permanently changed expectations for future companies.
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