Young people looking to spend almost half of their stimulus check on stocks: Survey

cnbc2021-03-08

KEY POINTS Responses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks. Meanwhile, 18 to 24-year-olds involved in the survey planned to use 40%...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Kenny77
2021-03-09
Kenny77
Good investment try
- AndrewL:
  Ok.
- Kenny77:
  Hmmmm
imeesu
2021-03-08
imeesu
True.. When you are young you are more adventurous and less afraid of failures
Rachis
2021-03-08
Rachis
?
LST3
2021-03-08
LST3
Well
- BryanTJj:
  ok
- Shans:
  Yup
geraldwwx
2021-03-08
geraldwwx
I attest to that
- BryanTJj:
  haiss
chnsie
2021-03-08
chnsie
Here comes the sun.
- philodendron:
  come on babehhh

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1134232335?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-08 20:08","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1134232335","market":"us","top_or_hot":-1,"title":"Young people looking to spend almost half of their stimulus check on stocks: Survey","media":"cnbc","content":"<div>\n<p>KEY POINTS\n\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks.\nMeanwhile, 18 to 24-year-olds involved in the survey planned to use 40%...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Young people looking to spend almost half of their stimulus check on stocks: Survey</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYoung people looking to spend almost half of their stimulus check on stocks: Survey\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 20:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks.\nMeanwhile, 18 to 24-year-olds involved in the survey planned to use 40%...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html","article_id":"1134232335","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1134232335","pubTimestamp":1615205309,"columns":[],"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of thei","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"translate_title":"调查显示，年轻人希望将一半的经济刺激开支用于购买股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"KEY POINTS\n\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks.\nMeanwhile, 18 to 24-year-olds involved in the survey planned to use 40% of any stimulus checks on stocks.\nAnd 35 to 54-year-olds surveyed planned to use 37% of their checks on stock market investment.\nThe over-55s surveyed said they’d put only 16% into stocks.\n\nA survey from Deutsche Bank has given an insight into how much cash from U.S. stimulus checks might find its way into the stock market.\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks, leading the German investment bank to state that “a large amount of the upcoming U.S. stimulus checks will probably find their way into equities.”\nMeanwhile, 18 to 24-year-olds involved in the survey planned to use 40% of any stimulus checks on stocks, and 35 to 54-year-olds surveyed planned to use 37% of their checks on stock market investment. The over-55s surveyed said they’d put only 16% into stocks.\nIn all, the online survey of 430 retail investors found that respondents plan to put a large chunk (37%) of any forthcoming stimulus directly into stocks, which could represent a sizable inflow into the market of $170 billion, Deutsche Bank estimated.\nThe report, authored by Deutsche Bank Strategist Jim Reid and Research Associate Raj Bhattacharyya and first published late last month, focused on a growing trend of younger people getting into retail investment.\nThe overall sample had nearly equal representation of those under 34 (41%) and 34-54 (37%) and a somewhat smaller share of those over 55 years of age, Deutsche Bank noted. In terms of income distribution, the biggest group was in the $50,000 to 100,000 range (34%), which aligns with the U.S. median income of around $69,000. Most respondents were either employed full-time (59%) or retired (12%).\nPrevious payments\nThe survey found that previous stimulus payments, handed out in recent months in a bid to jumpstart the U.S. economy in the midst of the coronavirus pandemic, “were widely reported as being used for investing in stocks.”\nA vast majority (72%) of the respondents reported getting a stimulus payment and more than half (53%) said they invested some of the stimulus money in the stock market. Younger people were much more likely to have invested in stocks using the payments, the research said.\nWhile the analysts noted that these checks were still a small proportion of the overall funds invested in the market, they predicted a change with the next batch of payments. “Going forward however, survey respondents plan to put a large chunk (37%) of any forthcoming stimulus checks directly into equities, which could represent a sizable inflow,” the bank said.\n‘Aggressive cohort’\nNew retail investors are seen as a key driver of a rally in U.S. stock markets over the past year, described by strategists as the 2020 “retail wave.” The survey found that more than half of all respondents raised their investments in stocks over the past year, with just under half (45%) investing for the very first time.\n“Behind the recent surge in retail investing is a younger, often new-to-investing, and aggressive cohort not afraid to employ leverage,” Reid and Bhattacharyya noted.\n“Given stimulus checks are currently penciled in at circa $405 billion in Biden’s plan (before Senate revisions), that gives us a maximum of around $150 billion that could go into U.S. equities based on our survey,” although they noted that only a proportion of stimulus check recipients have trading accounts.\n“If we estimate this at around 20% (based on some historical assumptions), that would still provide around circa $30 billion of firepower — and that’s before we talk about any possible boosts to 401k plans outside of trading accounts.”\nInternational markets will be keeping a keen eye on the progress of the Covid relief bill in the coming days. The Senate passed a $1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments.\nThe legislation includes direct payments of up to $1,400 to most Americans, a $300 weekly boost to jobless benefits into September and an expansion of the child tax credit for one year. The Democrat-controlled House will pass the bill later this week and President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.\nThe retail investment theme has also been seen as a reason behind the recent volatility of some under loved stocks in the U.S. Some investors have used the social media platform Reddit to coordinate trades on certain stocks, pushing up the prices of those firms which has led to big losses for some hedge funds that had betted against them.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":329293019,"gmtCreate":1615248769431,"gmtModify":1704780048483,"author":{"id":"3553679778150469","authorId":"3553679778150469","name":"Kenny77","avatar":"https://static.tigerbbs.com/77c5e512c4b7983d3f3075d8ec4c2f2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3553679778150469","authorIdStr":"3553679778150469"},"htmlText":"Good investment try","listText":"Good investment try","text":"Good investment try","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/329293019","repostId":1134232335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3746745,"gmtCreate":1615248915005,"gmtModify":1680779628106,"authorId":3571815908504020,"author":{"id":3571815908504020,"idStr":"3571815908504020","authorId":3571815908504020,"name":"AndrewL","avatar":"https://static.tigerbbs.com/f45655eaaab14f0b61c554eea4d95ca7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329293019,"type":1,"supId":0,"prevId":0,"content":"Ok. ","text":"Ok. ","html":"Ok. "},{"id":3746787,"gmtCreate":1615249232483,"gmtModify":1680779624373,"authorId":3553679778150469,"author":{"id":3553679778150469,"idStr":"3553679778150469","authorId":3553679778150469,"name":"Kenny77","avatar":"https://static.tigerbbs.com/77c5e512c4b7983d3f3075d8ec4c2f2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329293019,"type":1,"supId":3746745,"prevId":0,"content":"Hmmmm","text":"Hmmmm","html":"Hmmmm"}],"langContent":"EN"},{"id":329153639,"gmtCreate":1615216314121,"gmtModify":1704779731773,"author":{"id":"3573956654548922","authorId":"3573956654548922","name":"imeesu","avatar":"https://static.tigerbbs.com/abfad96984c0f15184381e9cf7aa0d68","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573956654548922","authorIdStr":"3573956654548922"},"htmlText":"True.. When you are young you are more adventurous and less afraid of failures","listText":"True.. When you are young you are more adventurous and less afraid of failures","text":"True.. When you are young you are more adventurous and less afraid of failures","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329153639","repostId":1134232335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329138325,"gmtCreate":1615214462867,"gmtModify":1704779669151,"author":{"id":"3574731047424094","authorId":"3574731047424094","name":"Rachis","avatar":"https://static.tigerbbs.com/ae27d72e6d81357c96a7b54460d121e6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574731047424094","authorIdStr":"3574731047424094"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329138325","repostId":1134232335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329343849,"gmtCreate":1615212200581,"gmtModify":1704779612469,"author":{"id":"3576578158811365","authorId":"3576578158811365","name":"LST3","avatar":"https://static.tigerbbs.com/5ebefe56c7d81742050e1a8d5a94ef9a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576578158811365","authorIdStr":"3576578158811365"},"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/329343849","repostId":1134232335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3743533,"gmtCreate":1615212524043,"gmtModify":1680779578948,"authorId":3571724228863411,"author":{"id":3571724228863411,"idStr":"3571724228863411","authorId":3571724228863411,"name":"BryanTJj","avatar":"https://static.tigerbbs.com/34e167e599ec0ff6b241d98f2b4bd016","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329343849,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":3743550,"gmtCreate":1615212607722,"gmtModify":1680779578142,"authorId":3573188380003001,"author":{"id":3573188380003001,"idStr":"3573188380003001","authorId":3573188380003001,"name":"Shans","avatar":"https://static.tigerbbs.com/d02cb23ad0184feeff1044e729ed1632","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329343849,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"}],"langContent":"EN"},{"id":329356108,"gmtCreate":1615211493304,"gmtModify":1704779602686,"author":{"id":"3555322280934257","authorId":"3555322280934257","name":"geraldwwx","avatar":"https://static.tigerbbs.com/bccdb31724278699a26408ea1426d1d2","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3555322280934257","authorIdStr":"3555322280934257"},"htmlText":"I attest to that","listText":"I attest to that","text":"I attest to that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329356108","repostId":1134232335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3743534,"gmtCreate":1615212534878,"gmtModify":1680779575750,"authorId":3571724228863411,"author":{"id":3571724228863411,"idStr":"3571724228863411","authorId":3571724228863411,"name":"BryanTJj","avatar":"https://static.tigerbbs.com/34e167e599ec0ff6b241d98f2b4bd016","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329356108,"type":1,"supId":0,"prevId":0,"content":"<u>haiss</u>","text":"<u>haiss</u>","html":"<u>haiss</u>"}],"langContent":"EN"},{"id":329350226,"gmtCreate":1615211023665,"gmtModify":1704779596318,"author":{"id":"3570658343596024","authorId":"3570658343596024","name":"chnsie","avatar":"https://static.tigerbbs.com/25cd87fc1eaf95a4a237acdda858103f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3570658343596024","authorIdStr":"3570658343596024"},"htmlText":"Here comes the sun.","listText":"Here comes the sun.","text":"Here comes the sun.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329350226","repostId":1134232335,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3743809,"gmtCreate":1615214085167,"gmtModify":1680779590582,"authorId":3571662392102313,"author":{"id":3571662392102313,"idStr":"3571662392102313","authorId":3571662392102313,"name":"philodendron","avatar":"https://static.tigerbbs.com/33899256df0b02274ba23318212a967b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329350226,"type":1,"supId":0,"prevId":0,"content":"come on <u>babehhh</u>","text":"come on <u>babehhh</u>","html":"come on <u>babehhh</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":38,"commentSize":29,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1134232335"}