Cats vs. Stocks
By I have no idea why one would compare stocks with cats, except that capitalism and cats are both objectively evil and want to exploit us for profit, however they define it. So if you have to be exploited, it might as well be by something cute and fluffy.
According to new stats from the Federal Reserve, just 13.8% of U.S. families held any individual stocks like Apple (AAPL, Tech30) or Microsoft (MSFT, Tech30) as of 2013. That’s down from nearly 18% in 2007 before the market meltdown.
“After experiencing severe losses in 2007 and 2008, investors with smaller portfolios have become more cautious,” said Lena Haas, senior vice president of retirement, investing and savings at E*Trade Financial (ETFC).
While less than 14% of families directly held stocks in 2013, 30% of households own at least one cat, according to the American Veterinary Medical Association.