MGX 1.67% 29.5¢ mount gibson iron limited

Aussie Stocks are Pathetic, page-17

  1. 2,000 Posts.
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    Interestingly, Investopedia puts Aussies above USAians (but this probably includes the house):

    Less than $5,000: Majority of Sub-Saharan Africa, Bangladesh, Cambodia, Laos, Nepal, Sri Lanka, Vietnam, Belarus, Moldova and Ukraine.

    From $5,000 to $25,000: Majority of the countries in Latin America, a large portion of countries bordering the Mediterranean, China, India, Indonesia, Pakistan, Philippines and Russia.

    From $25,000 to $100,000: Chile, Brazil, Mexico, Uruguay, Czech Republic, Estonia, Hungary, Lithuania, Malta, Poland, Slovenia, Bahrain, Lebanon, Oman, Saudi Arabia, Turkey, South Africa and Namibia.

    From $100,000 to $300,000: North America, Western Europe, rich Asia-Pacific and Middle East countries.

    From $300,000 to $500,000: Australia and Norway

    Over $500,000: Switzerland

    Looking at the USA specifically, the wealth distribution shows the top 10% has an average wealth of over $1.6M (again, probably includes their house):
    • Avg Net Worth Bottom 25%: $4,600
    • Avg Net Worth Next 25 – 50%: $21,700
    • Avg Net Worth Next 50 – 75%: $78,900
    • Avg Net Worth Next 75 – 90%: $242,800
    • Avg Net Worth Top 10%: $1,606,600
    • Total Net Worth of the Top 400 (Forbes 2011): $1,707,250,000,000


    Read more: Net Worth Of Citizens Around The World http://www.investopedia.com/financial-edge/1212/net-worth-of-citizens-around-the-world.aspx#ixzz4tBG1oKlJ

    Bought back in on the lows y'day; my stop loss netted me some lazy money!
 
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