TD Ameritrade quarterly investor sentiment survey reveals
expectations of Americans and their money
OMAHA, Neb.--(BUSINESS WIRE)--
Macro-economic factors and the state of the country's balance sheet
continue to weigh on the minds of retail investors, although younger
investors tend to have a much rosier perspective than their elder
counterparts. This is according to the quarterly retail investor
sentiment survey from TD Ameritrade Holding Corporation (NYSE: AMTD).
Finding #1: investors' economic expectations for 2013 are a mixed bag
of ups and downs
Today, 46 percent of investors say they are optimistic about their
3-month outlook for the U.S. economy, up slightly from 43 percent in
September 2012. This sentiment, while not wildly bullish, is in-line
with the varied views investors have about how the economy and markets
will fare by the end of 2013, including:
The S&P 500 will be higher (55%)
U.S. Unemployment will be lower (54%)
U.S. GDP will be higher (45%)
Taxes will be higher (85%)
Corporate Earnings will be higher (53%)
The Federal Deficit will be higher (73%)
Additionally, younger investors were much less likely to have a
pessimistic view of the economy. Just fourteen (14) percent of
Generation Y and Z investors (those born from 1977-1994) said they were
pessimistic. This compares to the 34 percent of Generation X investors
(born 1965-1977), 26 percent of Boomers (born 1946-1964) and 38 percent
of Matures (1930-1945) who said the same.
Finding #2: older investors worry more about the deficit; for younger
investors it's the economy
Investors are moderately confident in the stock market as a good place
for their long-term investments, rating their confidence with a mean
score of 6.6 out of 10. Of top concern are economic issues (26%), like
unemployment and housing, and federal spending and deficit issues (25%).
However, age plays a part in determining which issue is more important.
Thirty (30) percent of Mature investors, those born from 1930-1945,
cited federal spending and the deficit as their greatest concern, versus
only 17 percent of those in Generations X, Y and Z (born after 1965). On
the flip-side, 30 percent of younger investors were more concerned about
the economy, versus only 17 percent of Matures.
Finding #3: Washington has a role in encouraging investors to
re-engage with the markets
Fifteen percent of investors surveyed say they are trading less today,
and they are largely looking to Washington for reasons to re-engage.
Their top five improvement indicators include:
Federal spending (43%)
The economy (41%)
Political gridlock in Washington (35%)
The markets in general (31%)
The nation's tax code (30%)
"Investors are growing more optimistic about the future of the U.S.
economy, but they're also looking to our nation's leaders for a credible
long-term plan to ensure that this recovery continues to gain momentum,"
said Tom Bradley, president of retail distribution for TD Ameritrade,
Inc., a broker-dealer subsidiary of TD Ameritrade Holding Corporation.
"Our clients are turning to us more than ever for guidance and help as a
result of the uncertainty in the environment. In fact, referrals to guidance-based
products and advice
channels are at all-time highs."
The TD Ameritrade Quarterly Investor Sentiment Survey measures the
opinions of retail investors on news and issues relevant to today's
markets. For information on how retail investors are actually behaving
in this environment, check out the Investor
Movement IndexSM (IMX), a proprietary, behavior-based
index created by TD Ameritrade that measures and aggregates the
historical trading activities of TD Ameritrade clients and lends insight
into how bullish, bearish or neutral they may be about the market.
Ameritrade Newsroom includes a deep wide selection of past research
studies capturing the pulse of retail investors and independent
registered investment advisors on topics ranging from retirement and
young money, to taxes and general market sentiment. For the latest news
and information about TD Ameritrade, follow the company on Twitter, @TDAmeritradePR.
About the Survey
1,022 investors participated in an online
survey conducted by Research Now on behalf of TD Ameritrade Holding
Corporation from Jan. 2—10, 2013 and offered their views on economic
conditions and outlook for the market in general. These investors have
at least $10,000 in investable assets, own securities in brokerage
accounts, are 18 years or older, are involved in managing their
portfolios, and have traded securities at least once in the past 12
months. The 1,022 survey respondents represent a random sample of
investors selected from a consumer panel of individuals in the U.S. who
have access to the Internet. The margin of error in this survey is
±3.0%. This means that in 19 cases out of 20, survey results based on
1,089 respondents will differ by no more than 3.0 percentage points in
either direction from what would have been obtained by seeking the
opinions of all eligible individuals in the U.S. who are online.
Research Now and TD Ameritrade Holding Corporation are separate,
unaffiliated companies and are not responsible for each other's products
About TD Ameritrade Holding Corporation
investors and independent registered investment advisors (RIAs) have
turned to TD Ameritrade's (NYSE: AMTD) technology,
to help make investing and trading easier to understand and do. Online
or over the phone. In a branch or with an independent RIA. First-timer
or sophisticated trader. Our clients want to take control, and we help
them decide how - bringing Wall Street to Main Street for more than 36
years. TD Ameritrade has time and again been recognized
as a leader in investment services. Please visit TD Ameritrade's newsroom
for more information.
Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org)
About Research Now
Research Now is the leading global online
sampling and online data collection company. With over 6 million
panelists in 38 countries worldwide, Research Now enables companies to
listen to and interact with real consumers and business decision makers
in order to make key business decisions.
TD Ameritrade Holding Corporation
Director, Communications & Public Affairs
Jeff Goeser, 402-597-8464
Relations & Finance
Source: TD Ameritrade Holding Corporation
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