Define "wealthiest". Are you just talking about what you call the
middle class? (households making $110k+) That is going to be a pretty
big number since they will have the biggest 401ks, assuming they did
not raid them.
I am sure if you just want to talk about hedge funds and guys like
Buffett they have huge holdings but they also have stockholders
themselves. They are essentially those funds I was talking about. You
can't confuse that with individual investors.
I suppose We could actually track down what percentage of stocks are
held by the real middle class, that guy who makes $50k or so but you
really need to figure out how much is in his pension or 401k.
I tend not to believe some of the things that the left (or the right)
says until I see how they arrived at their statistic. I crunched
numbers at work long enough to figure out you can make a database say
pretty much anything you want, just by what "view" you define in your
query.
Your assumption, I suppose, is that the guy making $50k these days has
some sort of defined benefit pension. Well, that's not 2018 America so
much. Defined benefit pension are disappearing. And at a $50k income
level, I wonder how many workers are contributing to an
employer-sponsored 401k, or hang around long enough to get vested, or
have enough left over after living expenses for putting away some bucks
in an IRA.
Lots f those $50k workers have 401k. What replaced defined benefit plans.
Was good for most of the high tech world. As most jobs did not stay
long enough to very in a defined benefit plan. I get monthly checks from
2 plans. One place I worked 17years and left in 1979. A little over
$230. Another place I was there 5 years, but turned 55. $250 a month.
Not much. My 401k / iras are worth a shot pot more a month if I need to
tap them. For now I get the RMD’s. And live off my other investments.
Spend 85% of your income and invest the rest, and you will never notice the
15% loss and will be well off at retirement.