A Majority of Investors Don’t Understand This Key Fact About the Stock Market. That’s a Huge Problem
By Ryan Derousseau
The robo-advisor Betterment surveyed 2,000 investors above the age of 18 to gauge their lingering feelings about the financial crisis. Since the market crashed, 48% of respondents in Betterment’s survey didn’t know whether the market had gone up or down.
Furthermore, 16% of people thought the market had fallen.
“Consumers feel [the market] is too risky,” says Dan Egan, director of behavioral finance and investments at Betterment. “They don’t realize where it has gone.”Read the Original Article
This article originally published September 17th, 2018 on MONEY