African American Investors are Down, but Not Out

0722_investment_4

Though overall stock ownership among blacks declined in 2010, for the first time in the survey’s 12-year history more African Americans are choosing stocks and stock mutual funds as the “best investment overall” relative to real estate. Of course, with the high rate of foreclosure, that is not a surprise. Only 30% of Blacks said real estate was the “best investment overall” this year, compared to 41% who picked stocks or stock mutual funds. In 2004, at the height of the real estate bubble, 61% of blacks said real estate was the best investment overall. “We have learned the painful lesson that real estate investing is not fool-proof and are open to new ideas,” says John W. Rogers, Jr., Chairman and CEO of Ariel Investments. "Stocks are cheap and the stock market continues to have great long-term potential.” (Image source: Ariel Investments 2010 Black Investor Study)

Though overall stock ownership among blacks declined in 2010, for the first time in…

  • Flavia

    AdamThe pobrlem is that they often give you really good information. So, you tend to read most of what they write, but get overly disappointed when they write something like this. If anything, when you see posts like this, it gives you something to write about