What are you invested in?

[jaichind]

10% High Yield ETFs
15% Muni ETFs
30% US Equity Index funds (SPY,QQQ,MDY,IWM)
20% Fixed Income (mostly investment grade corporate bonds and corporate ETFs)
10% Commodities/Gold
15% Emerging markets ETFs

In terms of income we are well into the 1%.  In terms of Net Worth we are just into the 1%.  Most of our friends are in similar situation and they are also very heavy into equities or real estate.  We have some RIETs but not that much.  We never liked the approach of owning real estate and renting them.  Too much hassle,  but a lot of our friends does not seem to mind.

[jaichind]

About half of Americans own stock, for the record. So let's drop the 1% nonsense on that issue.

Yes.  On the other hand, most of them owns them through pension plans in which case they are passive investors.  In terms of financial assets, the top 1% owns about 42% of all financial assets, the next 19% owns about 54% and the bottom 20% owns less than 5%.  So yes, it would be wrong to say only the 1% are actively managing financial assets.  It is more like the 20%.

[jaichind]

About half of Americans own stock, for the record. So let's drop the 1% nonsense on that issue.

Yes.  On the other hand, most of them owns them through pension plans in which case they are passive investors.  In terms of financial assets, the top 1% owns about 42% of all financial assets, the next 19% owns about 54% and the bottom 80% owns less than 5%.

FTFY.

Thanks a bunch for fixing typo.