Knows enough to at least invest?
2007-02-07 05:45:43 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
10% - 15%. Knows enough to at least invest? maybe less. There are a lot of people who know nothing about investing and still do it, something about the idea of something for nothing is at play here.
2007-02-07 05:51:49 · answer #1 · answered by Amy V 4 · 0⤊ 0⤋
I am amazed almost every day at people who know absolutely nothing about investing...EVEN people who presently have IRA's and 401k's.. they just put the money into "something"... don't watch it, don't know how it's doing, where it's invested...NADA !
So I would guess that the percentage you asked about is even less than the 10% other people are saying.
EXAMPLE: A friend of my wife's has been working and paying into a plan for almost forty years...two years ago she had approx $ 480,000. ( her husband also works- so for the last five years or so she has been " contributing" heavily).... but I took a look at her stuff and she was mostly in company stock and safety mutual funds,,,,,,,,,,,finally convinced her to change things around a little...and where she was averaging 7 or 8% ( in the good years!) she now has almost doubled ($ 805,000. ) in just under two years. ( Completly changed her...now she listens to the " market reports" on the car radio on the way home from work and hits CNBC the minute she gets in the house!) Can you imagine what she'd have if she knew " an adequate amount" 10 or 15 years ago? !
2007-02-07 08:59:43 · answer #2 · answered by jebediabartlett 6 · 0⤊ 0⤋
Since there is almost nothing you need to know should be near 100% for investing. For trading/speculating - far fewer. How the market functions is not valuable at all to know.
2007-02-07 06:20:46 · answer #3 · answered by vegas_iwish 5 · 0⤊ 1⤋
I would say about 10% nationwide accross all ages (18-retired)
In the Northeast it is probably in the 20%.
2007-02-07 06:11:35 · answer #4 · answered by D. V 2 · 0⤊ 0⤋