Report: Only 1% of Retail Investors Plan to Sell in 2023

Only 1% of retail traders plan to sell off their investments in 2023, according to a survey from Finimize, while 65% will continue investing and 29% plan to add to their portfolios.

The survey of over 2,000 retail investors across Europe, Asia and the U.S., found that over 80% think the worst of the stock market rout will be over within six months, says CNBC.

The majority (72%) of the traders plan to back individual stocks next year, with 64% favoring Big Tech names like Apple, Microsoft, Google and Meta.

Even the AMC and GameStop communities continue to stay bullish on these companies.

In 2023, most individual investors plan to invest the same amount or more despite the cost-of-living crisis, according to a new survey from London-based investing insights platform Finimize.

“This data is proof that even in the current market environment, the majority are seeing volatility simply as part of the economic cycle thanks to access to information and growing experience with investing,” said Max Rofagha, Finimize’s CEO, in a press statement Wednesday.

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Retail Investors Aren’t Planning on Selling

A very big portion of retail investors aren’t phased by this year’s bear market and plan to grow their holding leading into 2023.

The survey done by Finimize shows 38% of retail investors also plan to invest in crypto, even amid the fallout from the collapse of Sam Bankman-Fried’s crypto exchange FTX.

About 56% of traders believe that bitcoin will be higher, vs. 44% who think it will trade lower.

The retail investment community is set to account for 61% of all assets under management globally by 2030, up from 52% in 2021, according to wealth management strategy consulting firm Indefi.

But Finimize believes retail investors won’t have the influence they did during the ‘meme stock’ frenzy in 2021.

But being part of this incredible community made up of millions of investors buying AMC and GameStop, I’m not sure I agree with Finimize.

These retail investors are looking to replicate the events that occurred in 2021 when AMC and GameStop both reached all-time highs.

Will You Be Buying, Holding, or Selling in 2023?

Will you buy buying stocks, holding, or selling in 2023?

I’m curious to know your sentiment on the markets for next year.

Leave your thoughts in the comment section down below.

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Source(s): CNBC

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