Study also identified top investing resolutions
for 2017 including using digital tools more often, adjusting asset
allocations, and learning more about participating in the
market
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced
results from the most recent wave of StreetWise, E*TRADE’s
quarterly tracking study of experienced investors. Results indicate
that despite a year of significant volatility and major market
events, the vast majority of investors are satisfied with their
investment management.
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Satisfaction aside, investors also identified their resolutions,
and the results indicate that the top four resolutions are to:
1. Use online tools to check allocations. 42
percent of investors resolve to use online tools more regularly to
make sure that they are properly diversified and meeting their
goals.
2. Adjust asset allocations. Nearly 40 percent of
investors expressed a desire to tweak their mix of assets to
reflect changing market conditions.
3. Leverage educational resources. 35 percent of
investors surveyed want to learn more about investing, trading, and
the markets.
4. Increase retirement plan contributions.
Remaining mindful of their long-term goals, 34 percent of investors
want to allocate more to their retirement plan in 2017.
“In the work we do with investors, we see that satisfaction
comes from having a plan and sticking to it. It was a turbulent
ride to say the least in 2016, and the data suggests investors took
short-term market fluctuations in stride,” said Lena Haas, SVP of
Investing at E*TRADE Financial. “Further, while these investors are
satisfied with the investing path they are on, they are ready to
kick their management up a notch in 2017.”
Ms. Haas observed the following additional insights:
- Millennials are the most interested
in learning more. Being relatively new to investing, this
generation seems hungry to expand their knowledge, expressing a
greater desire than Gen X and Boomers to learn more about
investing, trading, and the markets.
- Millennials are also most focused on
retirement saving. Nearly half of Millennial investors surveyed
want to increase the amount they contribute to their retirement
plan, considering their longer time horizons and the potential for
compounding growth.
- Senior investors want to tweak their
allocations. More than half of Boomers surveyed plan to make
changes to their portfolio allocation in 2017. Since these
investors are closing in on retirement, or may already be retired,
they may feel their portfolios need to be adjusted to preserve
income through tax-loss harvesting, align with post-employment
goals, or reflect changes in their risk tolerance.
Visit E*TRADE’s Newsroom for the full Q4’16 StreetWise study
results.
E*TRADE helps investors balance today’s needs with tomorrow’s
goals, through pioneering digital tools coupled with guidance
online and from financial consultants. To learn more about
E*TRADE’s trading and investing platforms and tools, visit
etrade.com.
For useful insight from E*TRADE and third-party investment
professionals, follow the Company on Twitter, @ETRADE.
About the Survey
This wave of the survey was conducted from October 1 to October
10 of 2016 among an online U.S. sample of 954 self-directed active
investors who manage at least $10,000 in an online brokerage
account. The survey has a margin of error of ±3.18 percent at the
95 percent confidence level. It was fielded and administered by
ResearchNow. The panel is broken into thirds of active (trade more
than once a week), swing (trade less than once a week but more than
once a month) and passive (trade less than once a month). The panel
is 65 percent male and 35 percent female with an even distribution
across online brokerages, geographic regions, and age bands.
Referenced Data
Looking back on 2016, are you satisfied with how you managed
your investments? Total Q4’16
AGE 25–34 AGE 35–54 AGE 55+
Top 2 Box 90% 90% 89% 90% Very
satisfied 27% 27% 24% 31% Somewhat satisfied 63% 63% 65% 59%
Somewhat dissatisfied 9% 10% 10% 9% Very dissatisfied 1% 0% 1% 1%
Bottom 2 Box 10% 10%
11% 10%
In 2017, my financial resolution is?
(Top 2)
Total Q4’16 AGE 25–34 AGE 35–54 AGE 55+
Use online tools more often to make sure I am properly diversified
and meeting my goals 42% 43% 39% 44% Change my asset allocation to
better reflect market conditions 39% 24% 40% 52% Learn more about
investing, trading, and the markets 35% 43% 30% 31% Increase the
amount I contribute to my retirement plan 34% 48% 42% 12% Seek the
help of investing professionals when I need it 26% 29% 26% 20% Not
make any changes to how I am investing 22% 13%
21% 36%
“Millennials” defined as age 25–34 //
“Gen X” defined as age 35–54 // “Baby Boomers” defined as age
55+
About E*TRADE Financial and Important Notices
E*TRADE Financial and its subsidiaries provide financial
services, including online brokerage and banking products and
services to retail customers. Specific business segments include
Trading and Investing and Balance Sheet Management. Securities
products and services, including stocks, bonds, mutual funds,
options, and ETFs are offered by E*TRADE Securities LLC (Member
FINRA/SIPC). Managed Account Solutions are offered through E*TRADE
Capital Management, LLC, an investment adviser registered with the
Securities and Exchange Commission. Bank products and services are
offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or
its subsidiaries and affiliates. More information is available at
www.etrade.com.
The information provided herein is for general informational
purposes only and should not be considered investment advice. Past
performance does not guarantee future results. ETFC-G
E*TRADE Financial, E*TRADE, and the E*TRADE logo are trademarks
or registered trademarks of E*TRADE Financial Corporation.
© 2016 E*TRADE Financial Corporation. All rights reserved.
E*TRADE Financial Corporation and ResearchNow are separate
companies that are not affiliated. E*TRADE Financial Corporation
engages ResearchNow to program, field, and tabulate the study.
About ResearchNow
ResearchNow, a leading digital data collection provider, powers
market research insights. They enable companies to listen to and
interact with the world’s consumers and business professionals
through online panels, as well as mobile, digital, and social media
technologies. Their team operates in over 20 offices globally and
is recognized as the market research industry’s leader in client
satisfaction. They foster a socially-responsible culture by
empowering their employees to give back. To find out more or begin
a conversation, visit www.researchnow.com.
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