A closer look into exactly who’s ready to put more money in the market reveals they skew a lot younger.
The stock market is taking on a deepening red hue as steep sell-offs continue, but a new report says some younger retail investors are seeing red meat for ‘buys.’
Some 43% of investors who said they’re ready to increase their investments are ages 18 to 25. More than a quarter, 27%, were millennials ages 26 to 41. The S&P 500 SPX, -4.04% finished down 165.17 points on Wednesday. That’s a 4% decline — and it’s possible fraction of what’s to come, according to an analyst who’s forecasting the potential for the S&P 500 to take a 45% cruel summer skid from a January peak. — Vanda Research The Bankrate survey echoes what others are seeing.
It’s understandable why younger investor may be ratcheting up the risk despite all the volatility and talk of recession. After all, their portfolios have more time to recover from deeper bottoms and more time to profit off the bounce back.
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