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December 03, 2008
Investors Don’t See the Sky Falling Yet: SogoTrade Survey
When Investing Online, Many Traders Remain Bullish and Are “Enjoying the Action”
NEW YORK--(BUSINESS WIRE)--In a recent survey conducted by SogoTrade, the $3 per trade online brokerage, 62 percent of active investors expressed some concerns about the current volatile market, but just 17 percent said they are sitting on the sidelines waiting for signs to reenter. Fully 20 percent said in the current volatile market environment they are both “excited and enjoying the action,” and only 1 percent expressed that they would “probably never own a stock again.”
“While in the last few months we’ve see the largest percentage drop in the DJIA since 1987,” says Dave Whitmore, president of SogoTrade. “We’ve also seen two of the largest one day percentage gains in the DJIA since 1933. That’s the sort of the market environment that makes active trading invigorating.”
When asked about the long-term prospects of owning stock, most active investors leaned on the side of feeling about the same, or slightly more bullish than other investors. Though the youngest investors (18- to 24-year-olds) and the oldest investors (55-years-old and up) expressed the strongest bullish leanings with 56 and 54 percent respectively feeling either slightly or much more bullish than other investors according to the SogoTrade survey.
About the Survey
SogoTrade’s Active Investor Survey was conducted online via email invitation between November 7 and November 14, 2008 among 870 investors who hold funded accounts with SogoTrade. With a 95 percent confidence, the results have a margin of error +/- 4 percent. The complete survey results are available by contacting Kitchen Public Relations at 212-687-8999.
About SogoTrade
SogoTrade (http://www.SogoTrade.com) is the online retail division of Genesis Securities LLC. (http://www.gndt.com). SogoTrade offers advanced online trading and research tools, fast trade executions, and exceptional customer service. With $3.00 online trade commissions, SogoTrade empowers investors to participate in financial markets at a low cost.
SogoTrade, a division of Genesis Securities LLC. Securities products and services are offered by Genesis Securities, member FINRA/SIPC.
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