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.
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