Survey Of Retail Investors Shows The Blind Lead The Blind
In all, 46% have used social media for investing information in the past month. 22% of Gen Z investors say they were younger than 18 when they started investing, versus 8% of millennial investors. Only 36% of young investors plan to use that money for retirement. 35% will make additional investments, while 19% will use the funds to pay for a major purchase. Nearly two-thirds (64%) of investors who are 40 and younger have withdrawn money from their investment accounts to spend. Considering that many of these individuals have never seen an actual “bear market,” such is the very de...
Source: zerohedge.com