• boonhet@lemmy.zip
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    1 day ago

    Much of that is through 401ks and the like though. And much of it is still index funds not people buying individual stocks

    • ltxrtquq@lemmy.ml
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      24 hours ago

      Much of what? the 7% of stocks owned by 90% of Americans? I think at some point the richest 10% don’t need their money to be in retirement funds anymore.

      • boonhet@lemmy.zip
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        23 hours ago

        Most high income people get 401ks and similar, that’s much smarter to use than just buying stocks. Even outside of those, most smart retail investors buy index funds over individual stocks.

        It’s the wallstreetbets folks who yolo their life savings into nvidia