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Trends with Benefits #31: The Impact of Retail Investors with Phil Mackintosh

October 20, 2020

Listen Time 32:04 MIN

 

Retail Investors Make an Impact

The last time I remember day trading getting the kind of coverage it has recently was in the late 1990s as personal computing power increased and internet access became more common. At the same time online brokerages promised cheaper stock transactions, more information and easier access that allowed a wider group of people to trade the dot-com wave.

Today may have some similarities to the '90s, such as faster computers, a buoyant stock market, falling trading commissions, and greater access in the way of fractional shares. One thing that is different, however, is 'work-from-home', spurred on by the coronavirus. Maybe the increase in retail trading is a passing fad, a way to pass the time in between Zoom meetings or maybe we'll find a new normal for individual investors' engagement in the markets.

In his role at the Nasdaq exchange, Phil Mackintosh has a courtside view of activity in the markets and he's written about the increased retail activity this year. In my discussion with him, we talk about what he's seen, what individual investors tend to trade, how they trade and what he thinks it means for market quality.

Individual investors are an important part of the market ecosystem and financial education remains critical. Nasdaq launched Smart Investing, an investor education website to help people just starting out or looking to brush up on their investment knowledge.

Trend or Fad

Listen for Phil’s take on financial transaction taxes, Zoom weddings, the term “K-shaped recovery”, and cryptocurrencies.

Follow Ed Lopez @ThatEdLopez on Twitter and Phil Mackintosh @phil_mackintosh on Twitter.

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IMPORTANT DISCLOSURES

VanEck assumes no liability for the content of any linked third-party site, and/or content hosted on external sites.

Please note that Van Eck Securities Corporation (an affiliated broker-dealer of Van Eck Associates Corporation) may offer investments products that invest in the asset class(es) discussed in this podcast.

The views and opinions expressed are those of the speaker(s) but not necessarily those of VanEck. Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities/financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index. Information on holdings, performance and indices can be found at vaneck.com.

All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance.

Van Eck Associates Corporation

IMPORTANT DISCLOSURES

VanEck assumes no liability for the content of any linked third-party site, and/or content hosted on external sites.

Please note that Van Eck Securities Corporation (an affiliated broker-dealer of Van Eck Associates Corporation) may offer investments products that invest in the asset class(es) discussed in this podcast.

The views and opinions expressed are those of the speaker(s) but not necessarily those of VanEck. Commentaries are general in nature and should not be construed as investment advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Any discussion of specific securities/financial instruments mentioned in the commentary is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary. All indices mentioned are measures of common market sectors and performance. It is not possible to invest directly in an index. Information on holdings, performance and indices can be found at vaneck.com.

All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future performance.

Van Eck Associates Corporation