Will the $ 1.9 trillion federal bailout program going through Congress do more to boost the US economy or the stock market?
Millennials aged 25 to 34 plan to put 50% of their projected payments from Uncle Sam to the stock market, according to an online investor survey
The percentage for the investment of shares of Gen Z type 18 to 24 years old was 40%. And for older millennials և Gen Xers, aged 35 to 54, the share price was slightly lower at 37%. In contrast, boomers over 55 expect to invest only 16% of their DC stock.
Start-up investors plan to invest most of their payments in equities, with those with 12 months or less investing experience expecting about 43% investment in equity. Groups of one to two years, three years or more, both expected to invest 34% of their size in Uncle Sam.
According to the survey, the best heels were expected to bring the most to the market. Those earning more than $ 100,000 planned to invest 43 percent of any government payments in the shares, which would have necessitated more of that amount. It could be controversial if the income threshold for payments was raised to 80 $ 80,000 for individuals և $ 160,000 for couples, as President Biden և’s Democratic Senate leadership agreed Wednesday. In the bill passed by the House of Representatives, it is $ 100,000 and $ 200,000, respectively.
The bank’s research showed that middle-income groups planned to develop slightly less shares than they expected to pay. For those earning $ 50,000-99,000, the figure was 36%, while for those earning $ 25,000- $ 49,000, the share was 37%. Survivors earning less than $ 25,000 were somewhat surprised to find that they would invest 24% of their state funds in shares.
Given that this was an online investor survey, it was not representative of the entire population. Based on stimulus payments (prior to changes proposed by White House են Senate Democrats), Deutsche Bank strategist Jim im Reed estimates that $ 405 billion in aid payments could mean $ 150 billion for the stock market. But based on historical assumptions that only about 20% of recipients actually have trading accounts, it “will still add about $ 30 billion in firepower, before the 401,000 possible out-of-trade accounts are added,” he wrote in a customer post. : .
Based on the feedback from a millennial group of young traders (one of whom is the generation of a prominent senior investment strategy), Deutsche Bank’s survey is only partially correct. The money coming from Washington definitely goes to their trading accounts. but half is for cryptocurrencies such as bitcoin and the other half is for stocks.
And what this senior source says is they are looking for BUZZ, which is the symbol
VanEck Vectors social mood
stock exchange fund, which will be launched on Thursday. BUZZ will follow the index based on social media, according to the VanEck website. Scratching the Internet is not new to hedge funds և other institutions, but BUZZ gives marketers an insight into individuals who should pursue it by continuing to work in places like WallStreetBets և Stocktwits.
Since Uncle Sam has to buy them $ 1,400, this mob can provide some fuel for stocks and cryptocurrencies. For some other recipients, needs such as food և rent should take precedence over market play.
Write to Randall W. Forsyth at email@example.com