E*TRADE (ETFC) announced results earlier this week of the most recent StreetWise study, E*TRADE’s quarterly tracking study of experienced investors. In this study, E*TRADE looked at New Year’s Resolutions of experienced investors. What are investors determined to change in the upcoming year? Let’s take a look at the findings.
E*TRADE gave investors six options to choose from for resolutions. The number one choice was “learn more about investing, trading, and the markets.” In all, 41% of investors chose this as either their first or second highest priority when it came to New Year’s resolutions for investing. The second choice was “use online tools more often to make sure I am properly diversified and meeting my goals.” This was chosen by 38% of participants in this study as either their first or second highest priority.
What are people most worried about? Number one is the loss of a loved one. A close second is not having enough saved for retirement. Not having enough saved for retirement is actually the single biggest worry for those 25-34 years old in the study as well as the 35-54 year old demographic. That certainly suggests that more investors are starting to focus on saving for retirement from a younger age, which is definitely a positive.
Lena Haas, SVP, Retirement, Investing, and Savings at E*TRADE said this study shows how more and more investors want to have more control of their finances. Ms. Haas noted that short-term decisions can sometimes undermine long-term goals.
As 2016 approaches, all investors should take a look at what they can change to be a better investor. In the StockBrokers.com 2015 Online Broker Review, E*TRADE was named Best in Class in Investor Education.
For more on the findings of this study click here.