By: Armando Pantoja (TallGuyTycoon)
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Mon Sep 27 | 5 minute read

Stocks are exploding, and most Blacks & Latinos are missing out

Cute african american family sharing a kiss and relaxing at home.

TAMPA, FL — People in the U.S. who own stocks and bonds are generating wealth at a much faster pace than those who don’t have these assets, as Wall Street continues back to all time record highs while many outside of it struggle. Black & Latino households are much more likely to be outside of the group that’s in the stock market. Only 33.5% of Black households owned any type of stocks in 2019, and with white households, the ownership rate is nearly 61%. Hispanic and other minority households also are less likely than white families to own stock.

This post is the opinion and/or actions of Armando Pantoja and/or the author only. It is NOT financial advice. All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.