Word: stockings
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Dates: during 1990-1999
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...Nearly half of all stockholders are baby boomers, the oldest of whom are just 11 years from retirement age. We're getting perilously close to the day when boomers will slow or, gads, reverse their stock purchases. When that day comes, I believe the market will enter a long period of subpar returns...
...median stock holding for those under 35 is $11,900; for those age 64 or older, $62,500. That infers abysmal yearly growth of about 5% and no additional savings over decades. Three possible explanations: today's young are saving more, pre-retirees are spendthrifts, or the elder set is shifting to conservative investments too early. My hunch is it's the latter, and that's one way to come up short...
That's a bigger number than I would have figured, but it squares with another ICI study several weeks ago that shows that 77% of stock-fund holders buy and sell through some sort of advice filter. Individuals now have enough wealth at stake so that it seems they are less inclined to go it alone. That may mean Merrill Lynch, down 30% from its high last April, is a better bargain than E-Trade, down 68%. Merrill is in the advice biz, which may have value after all, especially if the market continues to churn...
...people like Parker in the U.S. who do not work a 9-to-5, Monday-to-Friday week. In fact, about 20% of the American work force works on schedules that cross the normal 9-to-5 lines. And that percentage can only increase with the advent of nonstop stock markets and ceaseless financial trading, round-the-clock shopping and the growing importance of the unsleeping Internet. The old notion of blue-collar night-shifters no longer applies: managers and professionals, who just 10 years ago made up only a tiny percentage of the shift work force, now account...
CHIP IN FOR BLUE CHIPS Can't afford $125 for a share of GE? Buy it on the installment plan. Starting in mid-November, even the smallest investors will be able to buy partial shares of some 300 heavily traded stocks on Sharebuilder.com With no minimum required to open an account or make a trade, this site is geared for beginners--i.e., mutual-fund investors curious about stock picking or kids just cracking open their piggy banks--and charges only $2 a purchase ($1 for kids) and $20 a sale...