The stock market experienced stratospheric highs through the first 2 years of the pandemic and a ton of individual investors got a chance to ride that wave to the rich benefit of their personal portfolios.
unsure of the how or why of it but seeking answers and a little reassurance. For some, the despair wouldn’t last. Some people chose to leap into the stock market, emboldened in part by economic stimulus payments and access to app-based investment platforms, according to a Deutsche Bank survey published in February 2021.with the Securities and Exchange Commission showed the company had 12.5 million funded accounts in 2020, up from 5.1 million in 2019.
Dhananjay Narayanan, 20, also saw the earning potential on WallStreetBets but said he stopped short of investing. Robinhood had restricted some buying activity around GameStop and AMC because of market volatility in January 2021. Robinhood CEOEquities markets saw tremendous gains through the end of 2020 after sinking to deep lows in March of that year. The rally continued through 2021, during which the S&P 500 booked 70 record closings. All told, by the end of last year, the S&P had posted a gain of nearly 27 percent. The Dow Jones Industrial Average was up almost 19 percent.
“It will continue to fall most likely, but I planned on holding these things for the long run. So this is just turbulence in my portfolio,” Narayanan said.
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