Money & Investing | Asian American Poll

MONEY & INVESTING
(Updated Tuesday, Apr 1, 2008, 05:12:09 PM to reflect the 100 most recent valid responses.)

Who handles the household checkbook in your family?
The Wife | 74%
The Husband | 26%

Which of the following ethnic groups attaches the most importance to making money?
Chinese Americans | 51%
Vietnamese Americans | 14%
Japanese Americans | 1%
Corean Americans | 30%
Filipino Americans | 4%

Which of the following do you consider to be your most important investment method currently?
Buy/Upgrade Own Home | 39%
Other real estate | 4%
Stocks/Options/Futures | 31%
Mutual Funds | 10%
Bank Deposits | 16%

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Comments posted during the past year remain available for browsing.

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WHAT YOU SAY

[This page is closed to new input. --Ed.]

AC,

"20% of the human population is illegitimate" - where did you get that number from?

just wondering Thursday, May 16, 2002 at 21:58:43 (PDT)

AC Dropout:
"What about fifth type:
Rich, but still want more.
This is b/c they can and will. And enjoy the competitive nature of peers in aquiring wealth."

There are also some of us who can acquire more wealth, but we're not doing it for the money. I guess this should be the sixth type. I have accomplishments way beyond my years...and I would have no problem acquiring a higher status (which usually implies more money). I have every intention of reaching my goals w/i the next several years (actually I already have to some degree..but not all). I'm not doing this for money, instead I'm doing it b/c I enjoy challenging myself and proving my capabilities. I do it b/c it gives me motivation to be at work and strive for my best. I do it b/c I am passionate about my career. I do not do it (like many have) to gain rights to brag.

You wonder what bitter taste money has left in my mouth? I'll tell you how it has. I am surrounded by family members who are quite successful. I am happy they have achieved their goals. However, what makes me sick to my stomach is their prides and ongoing competitions...Who has the more expensive merecedes? Who's house is more grand? Who has made more money? What they fail to mention is how long it would take to pay off their house and car payments, how loving their spouses can be, how caring their kids are, and how much they enjoy spending time with their families.

Personally, I dont want to live such a shallow life that bases people's worth on their incomes. How do these competitions of finanical assets really improve a person's life? What does wealth matter, if parents fail to bond with their children?

As a poor kid, I recall my parents had to work really hard to provide us with the basics -- like food and clothes. But I also recall how peaceful they were with us. Those times have changed. We all have our own careers, but they're miserable. Why? B/c all they can think about now is money. How we can be even more successful than we are today, how can we outbeat so-and-so, what type of impression we need to give off...blah, blah, blah. My family ingrained in me thoughts of money bringing status and happiness for as long as I can remember...but I still have not seen any connection between money and happiness.
"Why are you so hung up on "flings" and attribute it to wealth?"
Men who have pursued me tend to brag about their wealth...old or young, ugly or handsome. Perhaps b/c their wealth gave them confidence to be more aggressive in the dating scene?

gzus in NYC:
To be honest with you, idoits like you wear me out...b/c I feel so much heartache for you. I think one of these days when you finally learn to be open-minded, you'll be aware of the truth. Also, you shouldnt be accusing others of shallowness when you have proved to be one. Good luck with your pursuit to happiness and wealth...you'll need it!
be Thursday, May 16, 2002 at 17:24:44 (PDT)

krasavitsa,

the dalai lama is a special case. if he is the reincarnation of some sort of god, he doesn't count as an ordinary person.
old woman Thursday, May 16, 2002 at 15:15:01 (PDT)

krasavitsa,

Dalai Lama was a slave owner.

I manage one of the function he attended at my university ages ago. Trust me the fees he gets for 1 hours speech and the amount of donations he collects at the dinners. He is definitely operating on free-market principles.
AC Dropout Thursday, May 16, 2002 at 13:26:15 (PDT)

be
Is that so? Does money buy peace & friendship? How about true love? What about healthy upbringings? Or morals and values? Does money buy intelligence? Does it buy charisma? Does money ensure you the best health

The answer is, with my usual caveat, yes, yes, yes, yes, yes, yes, and yes.

gzus in NYC Thursday, May 16, 2002 at 12:08:21 (PDT)

be,

"Let me ask you then, where does the time exist for executives and entrenpreneurs to be with his children when he must run a business, which sometimes entails traveling?"

Who needs to travel. When your rich enough people come see you, not the other way around. Ever hear of employees, they will travel on the companies behalf. Money allows you to buy time and convenience, if you choose to use it that way.

When you enter the "leisure class" lifestyle. Time is what you have an abundant of.

"Reason for divorse...2) disagreement with money"

If not the lack of money, what was the disagreement about. The only other thing is control of the money, which is also because there is a lack of resources. Because when there is too much money, the last thing on the family's mind is who gets to control what and who doesn't have enough. Maybe extended family might get annoying, but the nuclear family is just fine.

"28K is not decent."

Do you realise the hypocracy of that statement. First you come trying to discredit how money has no corrolation family stability. Now you stating that the person earning the average American salary does not qualify as a mate for you.

Quality of life? That's a medical term. In the USA, quality of life is directly proportional to a patients ability to pay.

Money begets options in life. Family stability, Leisure time, constructive extramartial affairs, etc. are all options more readily available to financially secure families as oppose to their poorer counterparts.
AC Dropout Thursday, May 16, 2002 at 10:31:35 (PDT)

krasavitsa,

I didn't write the original quote. I remember that the next time a Priest ask me to donate to his congrugation. Moral depravation...okay got it.
AC Dropout Thursday, May 16, 2002 at 10:12:53 (PDT)

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