E*TRADE Study Reveals Investors’ New Year’s Resolutions
Top investing resolutions among experienced investors are to learn
more about investing and trading, use digital investing tools more
often, and increase retirement contributions
NEW YORK–(BUSINESS WIRE)–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:
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.
Contacts
E*TRADE Media Relations
Thayer
Fox, 646-521-4418
thayer.fox@etrade.com
or
E*TRADE
Investor Relations
Brett Goodman, 646-521-4406
brett.goodman@etrade.com
