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Investors Expressed Some Concerns About the Current Volatile Market
added: 2008-12-05

In a recent survey conducted by SogoTrade, the $3 per trade online brokerage, 62 percent of active investors expressed some concerns about the current volatile market, but just 17 percent said they are sitting on the sidelines waiting for signs to reenter. Fully 20 percent said in the current volatile market environment they are both "excited and enjoying the action," and only 1 percent expressed that they would "probably never own a stock again."

"While in the last few months we’ve see the largest percentage drop in the DJIA since 1987," says Dave Whitmore, president of SogoTrade. "We’ve also seen two of the largest one day percentage gains in the DJIA since 1933. That’s the sort of the market environment that makes active trading invigorating."

When asked about the long-term prospects of owning stock, most active investors leaned on the side of feeling about the same, or slightly more bullish than other investors. Though the youngest investors (18- to 24-year-olds) and the oldest investors (55-years-old and up) expressed the strongest bullish leanings with 56 and 54 percent respectively feeling either slightly or much more bullish than other investors according to the SogoTrade survey.

Positive outlooks also seemed more prevalent among those considering themselves to have either advanced or above average trading experience. Twenty-one percent of such traders considered themselves "Much more bullish" than other traders with just 7 percent of those with "limited" experience feeling the same way.

Younger investors, those 18- to 34-years-old were more likely to either say they were enjoying the volatility or worried about future price drops but still buying (54 percent.) Fifty-seven percent of investors 45-years-old and over said they are still in the market, but cautious, or waiting on the sidelines for good news.

"Weighing their risk versus possible rewards, young investors see the current market as a chance to get in while the market is low, knowing that they have the long run working for them," continues Whitmore. "But as the survey shows, older investors are likely wary that they may need to access the principal before markets recover."

Source: Business Wire

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