Oyin Adedoyin

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1,572 appearances 36 recordings 1 series first heard Mar 2023 last heard Feb 2025

Oyin Adedoyin’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · More Young Black Investors Are Entering the Stock Market · 16 Jan 2024 podcast

For instance, as of 2022, 39% of Black Americans owned stocks, an eight percentage point increase from 2016. matched

To compare that with white stock ownership, that increased from 61% to 65% during that same timeframe, according to the Federal Reserve's matched

Some surveys show that younger black investors, so people under 40, are leading this trend in more participation in the stock market. matched

According to surveys from Ariel Investments and Charles Schwab, nearly 70% of black respondents under 40 were investing compared to roughly 60% of white investors in the same age group. matched

in 2022. matched

The Black investors that I spoke with mainly invested smaller amounts of money into companies that they're familiar with. matched

So we're talking about your big banks, retail companies, and tech companies. matched

Younger Black investors also have an appetite for risk. matched

And this is something that researchers are seeing across all younger investors. matched

This is looking like a reliance on social media for investment information and trading risky investments like cryptocurrencies and so-called meme stocks. matched

Interestingly enough, many of these investors, some of which were in their mid to late 20s or early 30s, said that they got started through investments accounts that were opened up by their parents. matched

So their parents maybe got introduced to investing later in life and thought, let me get a head start for my kids. matched

There is also research that suggests that in the past, wealthier black investors mainly put their money into real estate other than stocks. matched

And other research suggests that a gateway into investing for most black Americans used to be through their work-sponsored 401k accounts. matched

The rise in real estate prices and different preferences for younger generations, though, might be contributing to an increased interest in stocks. matched

The investors that I spoke with are really optimistic about their involvement in the stock market. matched

Even if they're only able to invest small amounts that they're getting from part-time jobs or allowances, they're really excited to remain in this for the long haul. matched

They see this as a tool for potential generational wealth and an opportunity for broadening their finances beyond what they had thought in the past. matched

Many young black investors in the market are really self-taught. matched

One of the investors I spoke with, Robert Pickney, actually was inspired to invest by his grandfather. matched

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