More than six out of 10 (62%) stock market investors plan to increase the amount they trade this year as interest in share trading continues to grow, new research from GraniteShares shows
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Will Rhind, Founder and CEO at GraniteShares
- Nearly one in seven are trading every day, GraniteShares research shows
Its study found one in four UK adults consider themselves stock market investors and of these, one in seven (14%) say they trade at least once a day. People aged between 25 and 34-years-old are most likely to be investors with 35% of that age group trading.
Another 14% say they trade several times a week while 25% estimate they buy and sell shares several times a month with the rest of the investors trading less often, the research for GraniteShares, which offers a range of exchange traded products (ETPs) listed in London, shows.
Nearly one in three (32%) estimate they are trading £500 a month or more on stock markets with most (64%) saying they mainly trade shares. However around a fifth (22%) mainly trade in investment funds while 14% say they are using ETFs.
The peak time for trading is in the evening – 77% of investors do some of their trading then, but investors trade at all times, the study found. Around 44% say they do some trading before they go to work with 42% admitting they sometimes trade while at work and 50% do some trading late at night. Around 60% claim to occasionally trade at the weekend.
The majority (53%) are making money from their trading with 44% estimating they made around £3,000 last year with another 24% saying they made between £3,000 and £10,000 from trading.
However around 15% admitted to losing money on their trading while 24% say they broke even with the rest either not knowing or preferring not to say whether they gained or lost on trading.
Among those who lost money trading 41% estimated they lost up to £3,000 during the year and another 15% said they lost between £3,000 and £10,000. Around 36% would not say how much they lost or did not know.
GraniteShares’ study found the growing interest in trading is increasing interest in different methods with one in three investors (31%) saying they use leveraged investments which multiply gains and losses on investments such as single stocks.
Will Rhind, Founder and CEO of GraniteShares, said: “Interest in stock market trading is continuing to grow with most regular investors planning to increase the amount they trade this year.
“There is also evidence that people are increasingly looking for other ways to invest than simply buying single stocks and investment funds with more interest in ETFs as well as leveraged ETFs on single stocks.
“It is however important to remember that the study shows considerable numbers of investors are breaking even or losing money and that people are prepared to take risks with their finances.”
Source: ETFWorld.co.uk
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