Caleb Silver, Editor in Chief, Investopedia, breaks down how retail investors would spend an extra $10,000.
Transcript:
CAROLINE WOODS: Any idea about how much cash they’re sitting on, how much cash is still on the sidelines, and maybe what they want to do with that extra cash?
CALEB SILVER: Yeah, there’s about $5.5 trillion in cash and money markets right now. But that’s all investors. And if you ask our readers and we do ask them this, what would you do with an extra 10 grand right now. Discretionary investment money. What would you do with it. Their number one choice is single stocks. They would go chase some of their favorite single stocks. The next choice would be ETFs, which shows you they would diversify as well if they could. And then way down the line are CDs and money markets and high yield savings. Why? because the savings rate has been evaporating slowly. So if you’re not getting 5% plus what the alternative is, is either going to be stocks or crypto. And we have a very high intensity stock crowd on Investopedia.
Subscribe |
Earn. Live. Invest. |
TheStreet Pro |
#Investing #Stocks #WallStreet
source
