WELL-BEING

Gay, Lesbian Investors More Optimistic About Financial Future

Two-thirds say their fiscal future is bright, according to a new survey

Mar 4, 2013 by Dain Fitzgerald

Staff Writer t

A new survey conducted by Wells Fargo shows that gay and lesbian investors are more optimistic about their financial futures than their straight counterparts.

CNN reports on the poll revealing that 66% of LGBT investors were optimistic about their financial outlook, compared to only half of heterosexual investors. And while 51% of the latter express being financially comfortable currently, 59% of the former claim the same.

"The advancements the LGBT community has made in the last five to six years - and especially the last couple of years - have led to a higher degree of optimism," said Wells Fargo spokesman Kyle Young.

The news backs a theory suggesting that the Obama coalition of youth, singles, and minorities - sexual and otherwise - are feeling especially chipper in recent days compared to the rest of the population. A poll last month found that Democratic voters were far more likely than Republican voters to say their standard of living was improving.

Via CNN.

Like this article? B Vote Up

?	Is there good reason for LGBT investors to be especially optimistic?

>
Yes, there is

>
No, I don't get it

View results

All : 73

Comments (view in Forum)

Mar '13

AntiPorcheria

!
Hmmm. No sir. I don't get it.
- B Vote Up
- r Reply
Post
Mar '13

MadAmerican

!
So now we are seperating Americans in views on Wall Street? Who's perverted idea was this to stir up this sh** pot? About as stupid of a commentary that I have ever read. Can't we just be people for a damn change when interviewed? What the hell does being gay, black, Jewish or whatever how people feel about the damn stock market?
- B9 • Vote Up r16 Replies
- r Reply
Post
Mar '13

Neo_NtheMatrix

!
The media is just following the lead of the most divisive president in our short history.
- B3 • Vote Up
- r Reply
Post @Neo_NtheMatrix
Mar '13

stepped_in_it

!
Because "stir up this sh** pot" makes money. Always follow the money, stirred or shaken!
The political agenda: 1) dumb them down (check) 2) entitle them up (check) 3) Deflect their attention, now that their dumb and entitled (check) 4) Steal from the country (checkmate)!
- B2 • Vote Up
- r Reply
Post @stepped_in_it
Mar '13

MadAmerican

!
@stepped_in_it OH the sun is not in my eyes anymore. lol
- B Vote Up
- r Reply
Post @MadAmerican
Mar '13

jessejaymes

!
@stepped_in_it This would be funny were it not so sad. While Obama pins his legacy on carrying the torch for advancing the cause of 3.5% of the population of America, he daily offers up the Seniors of this country to be driven into abject poverty and THEN politix tells us that Gays are more optimistic than seniors? Who would have guessed?
- B2 • Vote Up
- r Reply
Post @jessejaymes
Mar '13

stepped_in_it

!
@jessejaymes "This would be funny were it not so sad' What really saddens me is how soon we all forget who is stealing from whom! Democrats, Republicans, Liberals, Conservatives.....all lie, cheat and steal from US. You know it, I know it.....but most will firmly stand their political party ground pointing fingers at each other. Wish we could "load" those fingers (with bullets).....the "finger fight" would be a record PPV event (and rid the country of the unneeded)
- B1 • Vote Up
- r Reply
Post @stepped_in_it
View all 16 replies >
Mar '13

Neo_NtheMatrix

!
Why would they be? Are they about to invest in entities that specialize in gay marriage? What would be different about a gay investor verses any other kind of investor? By all accounts, economists all of all sides expect obama to steer us into another recession. I see no reason to be optimistic.
- B Vote Up r1 Reply
- r Reply
Post
Mar '13

PNWest

!
Isn't that what you said when the Dow was at 6700? Me - I've done very, very well under Obama. Wiped out all of the loses I had under Bush (and don't tell me that you made money in the market under Bush) and then quite a bit more. Be greedy when other are fearful and be fearful when others are greedy - Warren Buffet. So to that I say please be afraid right wingers - be very afraid of Obama.
- B Vote Up
- r Reply
Post @PNWest
Mar '13

Ryuo

!
That's easy: gays and lesbians have very few kids, so they don't have to think as much about the bill coming due on the National Debt.

Similar situation for the few young people who have money to invest. Now let's ask the 40% of 20-somethings living with their parents what *they* think.
- B6 • Vote Up r4 Replies
- r Reply
Post
Mar '13

AntiPorcheria

!
Interesting. I missed that angle.
- B1 • Vote Up
- r Reply
Post @AntiPorcheria
Mar '13

jessejaymes

!
Good point.
- B1 • Vote Up
- r Reply
Post @jessejaymes
Mar '13

PNWest

!
Bingo! No kids means more income that can go into investments. With the stock market nearly doubling under Obama the last 4 years were a great time to be in the market.
- B1 • Vote Up
- r Reply
Post @PNWest
Mar '13

ZombieMedic

!
That's why marketers, Democrats, and politicians are pushing the "gay lifestyle", because it supports retail sales due to gay's higher expendable income, and those three groups of people love big business since it means more tax money.
- B1 • Vote Up
- r Reply
Post @ZombieMedic
u
Mar '13

ErnestPayne

!
Well lets see. Better educated, better able to understand investing, willing to invest outside of america, etc. The "gays" I knew when working in the securities industry had all those attributes. Unlike a nieces investment advisor father and husband who were evangelicals and clueless about thinking "outside the box".
- B Vote Up r9 Replies
- r Reply
Post
o
Mar '13

NTBFW

!
Isn't it against liberal rules to invest outside America ? I seem to recall them getting upset with Romney over that.
- B1 • Vote Up
- r Reply
Post @NTBFW
Mar '13

PNWest

!
@NTBFW There is a difference between investing in a diversified international mutual fund and in stashing your money in a secretive Cayman Islands tax shelter. Even you know this.
- B Vote Up
- r Reply
Post @PNWest
o
Mar '13

NTBFW

!
@PNWest it legal to stash money in the caymans.
- B1 • Vote Up
- r Reply
Post @NTBFW
Mar '13

PNWest

!
@NTBFW Legal and ethical are 2 different things. Stashing money in tax havens like the Cayman Islands is a classic tax evasion technique. As you know Romney paid a lower percentage in taxes on his reported $21M in income than an average teacher making $50,000 did. Was there any hanky panky going on with Romney's finances? Who knows. But you tell me how it is possible to have an IRA worth more than $101M when the contribution limits have always been less than $16K per year. Only way that can happen is if he's a far better investor than Warren Buffet or something fishy was going on.
- B Vote Up
- r Reply
Post @PNWest
o
Mar '13

NTBFW

!
@PNWest see I don't care about Romney one way or another. But surely you understand capital gains vs income tax rates? And you never know about returns on investment. I turned 10 k into 300k in under 6 Mo before so it happens and legal is ethical when it comes to taxes. It's not worth cheating but I take very legal avenue I can. I wouldn't be surprised at anyone that made 215 mil doing the same. If you don't agree you were right to vote for him. But I would bet the bank that he wouldn't have a sequester right now if he had won. The only thing that impressed me about him was he understands business.
- B1 • Vote Up
- r Reply
Post @NTBFW
View all 9 replies >
o
Mar '13

NTBFW

!
Who would have ever thought to Ask? Wait, I get it. We haven't had our gay marriage poll today. Ok.
- B3 • Vote Up
- r Reply
Post
Mar '13

GuyFawkes

!
NEXT:
This just in- LGBT lifestyles are proven to be healthier and happier than the minority heterosexual lifestyle! LGBT is the most financially and spiritually fulfilling lifestyle! LGBT children grow up more balanced and with higher self knowledge than children from those minority and disastrous traditional Judeo-Christian 'families!'
Up is the new Down!
Nighttime is the new Daytime!
Fat is the new Skinny!
*don't worry, Zombies will kill us all before this happens :)
- B2 • Vote Up r13 Replies
- r Reply
Post
Mar '13

jessejaymes

!
And of course the most prolific of all zombies are the gay zombies. You forgot that part.
- B1 • Vote Up
- r Reply
Post @jessejaymes
Mar '13

GuyFawkes

!
@jessejaymes
That's funny!
I think I see the new 'Walking Dead' disco series on tv.
- B Vote Up
- r Reply
Post @GuyFawkes
Mar '13

jessejaymes

!
@GuyFawkes Oh for Crimentalaties sake you had to bring it up. I was just thinking we can expect "gay dancing with the star gays" at just about any minute now and here you are. Go to your room.
- B1 • Vote Up
- r Reply
Post @jessejaymes
Mar '13

GuyFawkes

!
@jessejaymes
Lol!
Want equality? Why no gay Westerns?*John Wayne's ghost just punched me in the face*
Sir, I am now going to my room...
- B1 • Vote Up
- r Reply
Post @GuyFawkes
Mar '13

jessejaymes

!
@GuyFawkes LOLOLOL
- B1 • Vote Up
- r Reply
Post @jessejaymes
View all 13 replies >
Mar '13

SavageMazx

!
*face palm*
- B Vote Up
- r Reply
Post
Mar '13

Speedieg

!
Although GLBT rights are important why is this relevant? Will we next hear of which bathroom products republican women recommend?
- B1 • Vote Up r1 Reply
- r Reply
Post
Mar '13

Zazziness

!
No, after the Larry Craig scandal, Republicans don't like talking about bathrooms.
- B Vote Up
- r Reply
Post @Zazziness
u
Mar '13

Litdes

!
Just what we need, war without end.
- B Vote Up
- r Reply
Post
Mar '13

zachsquatch

!
I am not seeing the correlation between sexuality and financial well being. I guess I missed that topic in my economics class.
- B Vote Up
- r Reply
Post
u
Mar '13

vws

!
Why not - they already live in an alternate reality.
- B Vote Up
- r Reply
Post
o
Mar '13

Sabio

!
you would be thrilled as well if you knew the liberal brain washed gubment was behind you all the way, and you held that little, oh so powerful discrimination card in your pocket. just like the blacks with their race card, its a rigged game now.
- B Vote Up
- r Reply
Post
u
Mar '13

BossTweed

!
HUH? Sexual orientation has an impact on Investing?????????? That is the most ridiculous assumption of the day.
- B1 • Vote Up r1 Reply
- r Reply
Post
Mar '13

PNWest

!
Actually sex has a great deal to do with investing process. Women are generally better investors than men. It's the big di*k syndrome. Men tend to try to catch up or double down on losing investments because they don't like to admit defeat whereas women tend to cut their losses more readily. That tends to make women better investors.
- B1 • Vote Up
- r Reply
Post @PNWest
Mar '13
Post Removed by Moderators
u
Mar '13

Bob_J_1440

!
They are confused about their personal choices why shouldn’t they get this wrong also?
- B Vote Up
- r Reply
Post
Mar '13

FollowTheMoney

!
I have to ask...How does the BDSM folks feel about their investment futures? ;-0
- B Vote Up
- r Reply
Post
Mar '13

bsking

!
Of course, they have no children.
- B1 • Vote Up r3 Replies
- r Reply
Post
Mar '13

PNWest

!
And that's why they have more money to invest. And under Obama the stock market has done very, very well.
- B Vote Up
- r Reply
Post @PNWest
Mar '13

bsking

!
@PNWest in spite of Obama
- B1 • Vote Up
- r Reply
Post @bsking
Mar '13

PNWest

!
@bsking I hope you didn't invest in the market when Bush was president.
- B Vote Up
- r Reply
Post @PNWest
Mar '13

Concerned_Cit

!
Gay = happy.
- B Vote Up
- r Reply
Post
Mar '13

Bobolinsky

!
My guess is that the part of the liberal brain that equates balanced budgets with racism is also responsible for this peculiarity.
- B1 • Vote Up
- r Reply
Post
R Load more comments...

Politix

Is there good reason for LGBT investors to be especially optimistic?

Is there good reason for LGBT investors to be especially optimistic?