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."