Survey Finds 64% of Young Male Day Traders Feel Like Failures
Updated
Updated · Yahoo Finance · Aug 15
Survey Finds 64% of Young Male Day Traders Feel Like Failures
3 articles · Updated · Yahoo Finance · Aug 15
Summary
A new survey found 64% of male day traders ages 18 to 29 say they feel like “failures,” highlighting a mental-health toll tied to frequent stock speculation.
The same survey said 25% of young men trade stocks daily, while other research estimates 95% of day traders lose money, helping explain the frustration.
FOMO and dissatisfaction with pay or career prospects appear to be key drivers, pushing some young men toward risky short-term bets with money they may not afford to lose.
For most investors, the report points instead to long-term index investing such as Vanguard’s total stock market ETF, which holds 3,531 stocks and has returned 14.53% annually over 10 years.