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Gift link (no paywall) - https://www.wsj.com/articles/the-retreat-of-the-amateur-investors-11675486817?st=lqxnb85vrkldll2&reflink=desktopwebshare_permalink http

• ggm 4y ago
  Thanks. As I expected, there's a conflation of day traders, and players against investors. Lots of people acquire things and hold. They pay some intermediary to perform the trades, but they aren't doing active trading, because their investment strategy is buy and hold. So, observations to the size of the amount of non-funds amateur investors? on the money. But assuming their movements is a function of people who read some $25 "how to make money trading from home" seems to me to be faulty journalism. I very much doubt active traders (people with more than one transaction per week let us say) is the scale of the market of concern here. I think its far more likely as people look at income from holding, the relative worth compared to initial investment, and availability of income stream products and investments they're moving out of shares and into other things. Pensioners do that. They're not all get-rich-quick fantasists. The illustration and their quips to returning to $14/h jobs in Vegas are not really a national trend as much as seniors pulling out of direct shares into EFT, or property, or income stream products from banks.