The Right Place and The Right Time!
Did yesterday make you question whether "the sky is falling" and the stock market is from a bygone era?
Take a peak at some of the real news that is well documented by the U.S. Census Bureau. This information will ease the minds of those of you who are asking whether investing in the stock market is the appropriate vehicle for a wealth building strategy.
Two thumbs up from this vantage point!
Investment Bank and Securities Dealing Receipts
Up 25 Percent, Census Bureau Reports
Revenue in the investment banking and securities dealing industry reached $158.9 billion in 2005, a 25 percent increase from $127.3 billion in 2004, according to a report released today by the U.S. Census Bureau. This industry is rebounding from two years of declining revenues in 2001 and 2002, and has now surpassed the $145 billion in revenues reached in 2000.
The report, 2005 Service Annual Survey (SAS): Securities, Commodity Contracts, and Other Financial Investments Activities and Related Activities, shows revenue for firms with paid employees.
Other 2004-2005 changes:
* Commodity contracts brokerage revenue rose from $3.3 billion to $3.9 billion, an increase of 17 percent.
* The investment advice industry hiked revenues from $18.2 billion to $22.2 billion, an increase of 22 percent.
* Securities brokerage revenue rose from $115.6 billion to $131.1 billion, a 13 percent rise.
* Revenue of portfolio management firms increased from $80.9 billion to $91 billion, a 12 percent gain.
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The estimates are from a newly selected sample for the 2005 SAS based on the 2002 NAICS and apply only to employer firms. Estimates contain sampling and nonsampling errors. To keep the identity of an individual firm confidential, some estimates may be suppressed. Users making their own estimates, based on the survey estimates, should cite the U.S. Census Bureau as the source of the original estimates only. See