Retail traders think stocks will bottom in 2023 — and they plan to load up on Big Tech, survey says

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Retail traders think stocks will bottom in 2023 — and they plan to load up on Big Tech

Only 1% of retail traders plan to sell off their investments in 2023, according to a survey from Finimize, while 65% will continue investing and 29% plan to add to their portfolios.

The majority of the traders plan to back individual stocks next year, with 64% favoring Big Tech names like Apple, Microsoft, Google and Meta.Jaap Arriens | Nurphoto | Getty ImagesIn 2023, most individual investors plan to invest the same amount or more despite the cost-of-living crisis, according to a new survey from London-based investing insights platform Finimize.

"This data is proof that even in the current market environment, the majority are seeing volatility simply as part of the economic cycle thanks to access to information and growing experience with investing," said Max Rofagha, Finimize's CEO, in a press statement Wednesday.

 

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