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Article: 68 percent of Black investors now own stock; Most think real estate is best buy
- Article from:
- Miami Times
- Article date:
- July 6, 2004
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Block, Sandra
Miami Times
07-06-2004
The percentage of African Americans with money invested in stocks and
mutual funds jumped to 68 percent this year from 61 percentin 2003, but
most Black investors believe real estate is the best overall investment,
according to a survey released Wednesday.
The percentage of white investors with money in the stock market was 80
percent, a level that has remained steady since the Ariel Mutual
Funds/Charles Schwab survey was launched in 1998.
But 51 percent of white investors said they also believe real estate is the
best overall investment. This marked the first year the majority of Black
and white investors said they favored real estate over other investments.
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