How the Pandemic Increased Our Stock Market Wealth
According to Axios, the pandemic made Americans richer. By buying the dip, holding, and then buying more, households boosted their financial wealth by 38%: urther explaining the pop in wealth, in a just-released report, JPMorganChase focused on the risk that comes from the entire market and individual securities. hey concluded: Retail investors were willing to make riskier investments. Bookended by less risk, investors’ risk accelerated during 2020 and 2021. Looking more closely, we see women and older investors willing to accept less risk while younger men took more. ….[READ]
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