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TopicStock Topic 28
Sunroof
05/03/21 12:48:09 AM
#285:


https://www.freep.com/story/money/personal-finance/susan-tompor/2021/02/05/how-invest-stock-market/4360276001/

More than 10 million new brokerage accounts were opened by individuals in 2020 more than ever in a year, according to an estimate by Devin Ryan, equity research analyst at JMP Securities.

10,000,000 new accounts in 2020. That is insane. And a good indicator of a non-bear market. Surely not all 10,000,000 of those accounts are actively trading, but that doesnt change the outlook.

It is easier than ever to trade stocks. Literally download an app, put in your bank account info (username and password only, no more monotonous account number hassles and whatnot), and youre good to go. You dont even have to wait for funds to settle, depending on the platform. Combine that with sites like Reddit and others talking about stocks all the time, youre almost viewed as an outcast or ignorant if you dont trade stocks. What used to be seen as confusing or for business people only, stock trading has become commonplace.
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