Investment portfolios belonging to retail traders suffer a $350bn blow in 2022

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The average active amateur investor’s portfolio is down about 30% in 2022, according to data compiled by Vanda Research

Shoppers are shown at the junction of Market Street and Fountain Street in central Manchester, UK, on December 8 2022. Picture: BLOOMBERG/DOMINIC LIPINSKI

“The losses this year were unprecedented, especially for the younger generation of investors,” said Giacomo Pierantoni, the head of data at Vanda in Singapore. Whether they keep ploughing money into the market — buying the dip, as they say — or lose faith in investing and give up altogether could help determine their ability to retire in the coming decades.

Investment portfolios belonging to retail traders suffered a $350bn blow this year as big bets on risky stocks and former high-fliers like Tesla backfired for the mom-and-pop set. Graphic: BLOOMBERG Of course, that 30% average drop estimated by Vanda speaks to how difficult it actually is to be nimble in a collapsing market. JPMorgan is even more pessimistic about the performance of retail traders, estimating they suffered losses of 38% this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banking Safety Matters | Investment Scams | 5 December 2022[ICYMI] If an investment looks too good to be true, it probably is. Watch the all-new BankingSafetyMatters on Investment Scams: CapitecBankSA
Source: eNCA - 🏆 49. / 51 Read more »