Stock market investing is less racially discriminatory than homeownership.

Evidence

In the same vein, try to find a way to invest in the stock market—although it is a long-term investment and risky, for black Americans, it can actually be less risky than homeownership. Why? In the housing market, white preferences against “black” neighborhoods (those with more than 10 percent black neighbors) yield a lower return for most black homeowners. While the stock market has obvious barriers to entry for black investors (you’ll need money, and the willingness to deal with a predominantly white workforce), once you do invest, white preferences don’t have the same influence—there are no “black” stocks that white stock owners can avoid en masse, lowering the price of the stock. — Dorothy A. Brown, The Whiteness of Wealth, 534

Categorization

• XREF: Extends the housing chapters’ point that white aversion to majority-black neighborhoods depresses home appreciation, now contrasting that with securities markets.
• QUESTION: Does the claim that there are no disproportionately ‘black’ stocks really hold once accounting for sectors and indices with high black employment exposure?