Money & Investing | Asian American Poll

MONEY & INVESTING
(Updated Tuesday, Apr 1, 2008, 05:12:07 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%

This poll is closed to new input.
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.]

to AC Dropout

You're talking way above my league. I'm not really even thinking about Billy Joel's piano. I'm just thinking about something simple that will bring me pleasure. I honestly don't feel that a piano played by a famous musician is going to increase my talent or my happiness anymore than what I already have, and it's the beautiful music that makes me happy, not the dirty fingerprints of some rock star on the piano keys that will rock my world. And Mozart's original musical scores would be locked up in a vault with insurance paid on it to safeguard its value. How am I going to enjoy it and really use it the way that it was intended by Mozart if I can't take it out, read the notes, and play the ideas from those dots and lines? I got a book with Mozart pieces that I've highlighted dificult portions, pencilled in numbers where it's more complex, and the corners are worn and battered from me just working on it so much. Can you see that happening to an expensive piece of music?

My appetite is simple, and I derive pleasure from simple things. I hope this never changes, despite any changes that might occur to my pocketbook. The day my homegrown garden roses become dull and unappealing to me and I have to special order deliveries of exotics from Hawaii every week (or some other utter nonsense like such), then I would be too pathetic to face myself in the mirror every morning.
MLK Thursday, May 23, 2002 at 14:12:11 (PDT)

Hannybunbun,

Once you become acclimated to wealth in a few years. I will be expecting statements like

"$500?...Sorry I'm not interested in no name products" ^_^
AC Dropout Thursday, May 23, 2002 at 12:47:20 (PDT)

be,

"I'm not understanding what you're implying...please elaborate."

Your hearts in the right place.

But when you state when the rich use money as an excuse for not raising their kids properly, you seem to ignore the poor also do the same thing too.

Your issue is more about time spent with family and not about wealth or money.
AC Dropout Thursday, May 23, 2002 at 12:44:04 (PDT)

AC Dropout:

"If it is emotional stability you want to provide your children, that can be achieve independent of your economic situation."

You're absolutely correct. The reason why I seem to be attacking rich people rather than poor people who are not there for their kids emotionally...is b/c rich people (who abandon their children emotionally) use their success as an excuse, and they possess so much pride, they blind themselves of their own faults.

"However, if you wish to provide your kids with more opportunities in life, that unfortunately will be directly related to your economic situation."
I do not dispise money (I make over 50% more than an average person of my level in my field). The only problem I have is the illusion of what money brings...and how too many fall for this.

"I think we only differ in age by 3 or 4 years. However, you should have more maturity of thought and clarity of thought in this aspect of your life, before you have kids and attain wealth. Or you might see some unexpected results in your future family life."
I'm not understanding what you're implying...please elaborate.
be Thursday, May 23, 2002 at 10:41:40 (PDT)

MLK,

"I wouldn't have the pleasure of planning out a purchase and eagerly await until the day when it can happen"

Well that's not entirely true. You can still save and plan the purchases of larger ticket items. If fact more planning is required because some items just don't have a set prices.

For instance, you can plan the purchase of Billy Joel's concert tour piano, or Mozart's original musical scores. Which would require a lot of planning and money on the individual's part.

Money doesn't eliminate or mute emotions. It just increase your appetite for desirable things, that might have been out of reach before.
AC Dropout Wednesday, May 22, 2002 at 12:47:21 (PDT)

To AC Drop-out, yes it sure does make you appreciate the value of material items! Also to Not so Chic AM, thanks for your perspective . I am very proud of you for also not being ashamed of your wife because she came from an economic background that was different from yours. It is harder to get past all of the stigma associated with poverty. And it does make you appreciate having nice things. I guess I still have the cinderella complex. I still am fascinated by the cost of things. Yet, I want comfort but not necessarily expensive things. My husband is always obsessed with wanting things, and I am the one to say, hey honey, what we have is really nice already. I shop at the outlets.
My FIL owns the latest BMW and Mercedes and anything that comes out, he has the latest. He loves to brag to me about these things. When he told me he paid $500 for a fishing pole, my jaw dropped to my feet,and I could feel my bottom lip quiver, but I maintained the "oh really?" innocent look, and did not let him know how shocked i was . My own thought was , heck, for the price of that fishing pole, I could have put four wheels on it and some insurance and drove it around! I guess i will always be money conscience from living in poverty when i was younger.
It sounds like your wife has taken the other route, and wants to experience the good life to the fullest. Let her enjoy herself, just make sure she realizes how hard you work for that money and that if she spends less, that is less time you have to work and more time you two spend together.:)
Hannybunbun Wednesday, May 22, 2002 at 11:43:01 (PDT)

To Someone who rejects greed, not money.

I hear your point, and it is valid, maybe I was a tad rude. But noone here knows anyone else and we judge each other all the time don't we? Anyway I agree with both you and be that it is good to have enough money to live a comfortable life, but that living a materialistic, greedy life obsessed with buying expensive things just to show off is an empty life. However, as someone that grew up very poor, I find it hard to listen to someone complain about their family discussing whose Mercedes is nicer. I had to walk or take the bus most of my life, as my family couldn't afford the luxury of a car.
someone who was once very poor Wednesday, May 22, 2002 at 11:11:03 (PDT)

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