Investment-based retirement accounts, such as 401(k)s through employers and individual IRAs, are vastly popular and hugely lucrative vehicles as the bull stock market of the last five years has proven.
However, 52 percent of Americans report not owning any stocks or stock-based investments at all, including mutual funds, according to Bankrate’s Money Pulse survey. When it comes to investing in the stock market, with the help of tools such as Forex Arbitrage Software, you’re able to open as many transactions as you want, hopefully resulting in an increase in the financial result and the trade will be faster than usual. For anything to do with money, it would be in your best interest to do some research before committing to anything, just so you have an idea as to what you are getting yourself into.
Meanwhile, the U.S. stock market has been on a tear, one of the longest bull rides in history. The S&P 500 Index, which tracks the 500 biggest publicly traded America companies, has soared by more than 200 percent since it bottomed out in March of 2009 and the peak of the financial crisis.
Not saving anything in these widely-available investment accounts, which have historically been one of the highest-returning types of securities available to individual investors, is likely to have a negative impact on non-investing Americans as they move into their retirement years.
“The average person has less than $25,000 saved for retirement,” Robert Stammers, CFA, director of investor education for the CFA Institute, told Bankrate. “So people certainly aren’t prepared, and that’s just making them less prepared.”
For adults under 30, the financial future looks even bleaker, but these Americans at least have more time on their side. Nonetheless, only 26 percent of those under 30 say they own stock.