Retail investors are playing the stock market for 'entertainment,' says behavioral finance pro

"In March and April, we were definitely seeing people getting a little bit more conservative, especially around having cash positions or emergency funds and wanting those to be available on shorter notice," Egan said.of 5,005 U.S. investors conducted by Betterment found that 78% did not take money out of the markets from March to mid-April. Of the 20% who did, nearly half said they would only reinvest when the market was either fully corrected or had begun to correct.

With professional sports, film and television productions, indoor activities and other entertainment options largely on hold due to the pandemic, people have been looking for a sense of community, he said. "From a budget point of view, but also from a 'What else are you going to do with your time?' point of view, it's been a good time to be somebody who helps clients manage their money," he said.

ETFEdgeCNBC InvescoUS Actually, I think most of us are using the stock market to make money.

ETFEdgeCNBC InvescoUS No. It’s because they like making money. I love how CNBC and hedge fund managers are angry and obsessed with retail investors. Must be doing something right.

ETFEdgeCNBC InvescoUS Subsidized gambling

ETFEdgeCNBC InvescoUS So what, people watch for amusement.

ETFEdgeCNBC InvescoUS Alexa: Tell me a trend that is not going to end well.

ETFEdgeCNBC InvescoUS How often are people going to tell us about “Robinhood traders”? Their $1,400 accounts aren’t moving the market. The fed & big players are. It’s getting old

ETFEdgeCNBC - Robin Hooders will be unhappy when GRAVITY returns -

ETFEdgeCNBC Always viewed the Market like I do Vegas.....Gambling. Gold & Silver 4 Me!!! Have a bad day, just throw it all in the pool and dive in....

ETFEdgeCNBC Options trading exploded when sports betting ended. Whodathunk?

ETFEdgeCNBC Also a rigged game. The other Las Vegas. ~ Darvas

ETFEdgeCNBC Not yet. Not according to sentiment surveys. Overall sentiment is still heavily negative.

ETFEdgeCNBC Everyone likes making money...pros and retail investors alike. Shush. sono giddyup

ETFEdgeCNBC It’s true, we’re just bored

ETFEdgeCNBC

ETFEdgeCNBC Yes it is all retail. Retail is big into futures, retail is big into writing options, retail typically buys convertible bonds, retail is trading futures off of random trade headlines, retail has trillions of dollars to buy corporate bonds. Keep blaming others: typical crook.

ETFEdgeCNBC We’ve all seen this financial movie before and the ending is not good. Wonder if the ending to this movie will be the same?

ETFEdgeCNBC Powell, why don’t you print money to every shit on the planet?

ETFEdgeCNBC should be read

ETFEdgeCNBC All the experts say “Play with $ you can afford to lose, right?”

ETFEdgeCNBC Просто оставайтесь дома

ETFEdgeCNBC The Wall st 'Tie's' just cant stop, You missed the rally, just get over it....

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There's nearly $5 trillion parked in money markets as many investors are still afraid of stocksStrategists say that dry powder in money market funds, which reached a record high last month, may support stocks in weeks ahead, with fund managers rotating back into stocks or aggressively buying dips in the market. Most of these money is belong to the 1% richest American. Rich people already have stock option to make more money via Fed's purchasing plan for company bond and ETF. To release $5 trillion of rich people, Stop bailout and let market do itself. So what it saying is... the market has $5 Trillion on the sidelines that’s coming in long!!! lol. TOP OF THE MARKET! They're expensive af
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