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Minority Investors May Offer Huge Potential for Wall Street |
Even as Wall Street recovers from the financial crisis, it may be missing out of billions of dollars of potential investment from an untapped resource - minority investors. Right now, minority groups tend to put their money in safe places like banks, CDs and savings bonds, according a survey on trends of minority investing conducted by Dr. Tahira Hira, a professor of financial literature at Iowa State University. But analysts say that could change as minorities age along with the general population and look for better investment returns to help them in their retirement years. Click here to read more.
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Even as Wall Street recovers from the financial crisis, it may be missing out of billions of dollars of potential investment from an untapped resource - minority investors. Right now, minority groups tend to put their money in safe places like banks, CDs and savings bonds, according a survey on trends of minority investing conducted by Dr. Tahira Hira, a professor of financial literature at Iowa State University. But analysts say that could change as minorities age along with the general population and look for better investment returns to help them in their retirement years.