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- A record number of people have started investing/trading financial markets.
- TD Ameritrade saw a record 608,000 new funded accounts in Q1, E-trade saw 363,000 and Charles Schwab 609,000.
- There is some speculation this is due to a lack of other outlets to gamble, and these traders are gravitating to more volatile stocks.
- It isn’t just the US – Japan saw 250,000 new investors join the market (source).
- Technology and cost are often seen as a key impediment to speculation as described really nicely here.
- This is captured in the pictured chart which shows what happened to the number of trades when commissions were cut to zero.
- This is a good tool to track this influx of new investors.
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