‘Money to be made’: Meet the new retail investors flooding the market amid the pandemic
https://business.financialpost.com/inve ... e-pandemic
Three months after one of the worst stock market crashes in history, the foundation of the investment industry has shifted. The COVID-19 crash decimated portfolios, but it also brought an unprecedented influx of new retail investors into the game. In Canada alone, more than 500,000 new discount online brokerage accounts were opened in the first quarter of 2020, according to Investor Economics, three times the regular pace. So, who are these new investors?
I had read that there were a lot of ordinary people piling into the stock market since the lockdown. I had always assumed that it was simply sheer boredom, or sports gamblers looking for a new way to get their fix. But the article does a pretty good job at putting a human face on this phenomena. I wonder, though, if all of them are really ahead of the game like they claim to be?
Anyways, which person's story do you find the most entertaining? I personally like Jayden (last one on the list), the boy wonder. A day-trader by day, a stockboy by night. Already up by 10K, and figures he could stop working for The Man anytime he likes. I genuinely wish him well, but if I were him I wouldn't quit my job nor move out of my parent's house (if that is where he is living) just yet.