E*TRADE Study Reveals Investors’ New Year’s Resolutions
15 December 2015 - 8:05AM
Business Wire
Top investing resolutions among experienced
investors are to learn more about investing and trading, use
digital investing tools more often, and increase retirement
contributions
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 reveal
that the top investing resolutions for 2016 among surveyed
experienced investors are to:
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1. Learn more about investing, trading, and
the markets.2. Use digital tools more often to make sure they are
diversified and meeting their goals.3. Increase their retirement
plan contributions.4. Adjust the risk tolerance of their investing
style.5. Seek the help of investing professionals.
“The desire to learn more and use tools more often in 2016
suggests that experienced investors increasingly want to feel like
they are in the driver’s seat,” said Lena Haas, SVP, Retirement,
Investing and Savings at E*TRADE Financial. “Given the explosion of
free educational resources and easy-to-use online tools, it has
never been a better time for investors to start taking more control
over their finances.”
As the New Year approaches, Ms. Haas offered the following
observations on the state of long-term investing:
- Investors are going digital for
their annual reviews. Nearly three out of five investors
surveyed — and nearly two out of three millennials — plan to use a
digital tool to review their portfolios at year-end.
- Retirement worry looms.
Investors surveyed throughout 2015 worried more about saving for
retirement than they did about the loss of a job or personal
injury.
- Short-term decisions can undermine
long-term goals. Roughly a quarter of all investors surveyed
took an early withdrawal from their qualified retirement accounts,
and on average, half of those investors later regretted it. To
combat emotional decision-making, Ms. Haas suggests establishing a
long-term plan mapped to your goals and risk tolerance, supported
by disciplined contributions.
For the full report of the Q415 StreetWise study results, click
here.
E*TRADE helps investors balance today’s needs with tomorrow’s
goals through pioneering digital tools and personalized, smart
guidance, both online and from nearly 300 seasoned Financial
Consultants on the phone or in-person at branches throughout the
U.S. To learn more about how E*TRADE helps investors make
retirement easier, visit etrade.com/retirement.
For useful insight from E*TRADE and third-party investment
professionals, follow the company on Twitter, @ETRADE.
About E*TRADE Financial
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, ETFs,
education, and online tools 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. ETFC-G
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About the Survey
This wave of the survey was conducted from October 1 to October
6 of 2015 among an online U.S. sample of 1000 self-directed active
investors who manage at least $10,000 in an online brokerage
account. The survey has a margin of error of ±3.1 percent at the 95
percent confidence level. It was fielded and administered by
ResearchNow. The tracking study fields quarterly at the beginning
of each quarter and does not reflect data from the complete
quarter. 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) investors. The
panel is 65 percent male and 35 percent female with an even
distribution across online brokerages, geographic regions, and age
bands. Millennials defined as investors age 25 to 34. Gen X defined
as investors age 35 to 44. Baby Boomers defined as investors age
55+.
Referenced Data
Please choose which two of the following best complete
the below sentence for you. 'In 2016, my financial resolution is
to...' ** %= Combined First/Second Choice Among Investors
Who Selected a Resolution ** TOTAL AGE: 25-34
AGE: 35-54 AGE: 55+ ...learn more about investing,
trading, and the markets 41% 38% 39% 46% ...use online tools more
often to make sure I am properly diversified and meeting my goals
38% 36% 33% 46% ...increase the amount I contribute to my
retirement plan 33% 42% 42% 17% ...invest more aggressively 31% 37%
35% 19% ...invest more conservatively 30% 19% 27% 40% ...seek the
help of investing professionals when I need it 26% 27% 23% 29%
Other 2% 1% 1% 3%
As we approach the end
of the year, which, if any, of the following will you complete?
(Select all that apply) TOTAL AGE: 25-34 AGE: 35-54 AGE: 55+
Use an online tool to check that my portfolio is properly allocated
and is meeting target goals 57% 65% 57% 53% A check-in with a
financial advisor 36% 35% 35% 35% I don't plan to check on my
portfolio at the end of the year 18% 12% 18%
22%
How often, if at all, do you worry about each of the
following? ** Summary of 'Always/ Frequently' ** TOTAL
AGE: 25-34 AGE: 35-54 AGE: 55+ Loss of a loved one 29% 35% 27% 26%
Not having enough saved for retirement 27% 36% 35% 16% Not
understanding how to invest smartly 18% 28% 19% 11% Personal
relationship issues 17% 27% 17% 9% Loss of a job 17% 28% 20% 4%
Physical injury 16% 25% 15% 13%
Have you
ever taken out money from an IRA or 401(k) before the age of
59.5? TOTAL AGE: 25-34 AGE: 35-54 AGE: 55+ No, I have never
taken out money from an IRA or 401(k) before the age of 59.5 75%
66% 71% 85% Yes 25% 34% 29% 15%
Have you
ever regretted your decision to take money from an IRA or 401(k)
before the age of 59.5? TOTAL AGE: 25-34 AGE: 35-54 AGE: 55+
Top 2 Box 56% 71% 57% 32% Very much regretted 20% 24% 21% 13%
Somewhat regretted 36% 47% 37% 19% Regretted a little bit 18% 16%
19% 20% Did not regret at all 26% 14% 24% 48% Bottom 2 Box
44% 29% 43% 68%
Important Notices
E*TRADE Financial, E*TRADE and the E*TRADE logo are trademarks
or registered trademarks of E*TRADE Financial Corporation.
© 2015 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151214005932/en/
E*TRADE Media
RelationsThayer Fox,
646-521-4418thayer.fox@etrade.comorE*TRADE
Investor RelationsBrett Goodman,
646-521-4406brett.goodman@etrade.com
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