April 29, 2014
PAGING MR. PIKETTY:
Brokerage CEO: Small investors are back, baby! (Jesse Solomon, April 29, 2014, Money)
TD Ameritrade CEO Fred Tomczyk says individual investors are getting back into the markets at a record pace.Individual investors are jumping back into the market at a record pace, according to Fred Tomczyk, CEO of online brokerage firm TD Ameritrade."People are generally more bullish on the U.S. economy," Tomczyk told CNNMoney at the Milken Institute Global Conference in Los Angeles Tuesday.Tomczyk said that trading volume on TD Ameritrade (AMTD) hit all-time highs in the first quarter of 2014, a trend that's been echoed in earnings reports by TD and other online brokerages such as Schwab (SCHW) and E* Trade (ETFC). The surge in trading by so-called small or "mom and pop" investors comes over a period when the markets experienced a lot of volatility.
It's America; we're all capitalists.
Posted by Orrin Judd at April 29, 2014 7:24 PM