Novice investors flocked to market during pandemic, study finds

first_imgThe survey found that investment knowledge was low among all groups, and particularly low for new investors. A combination of factors, including the ability to trade stocks cheaply and in small quantities, as well as pandemic-driven market dips, caused both beginning and experienced retail investors to flock to the stock market last year, according to research by the Finra Investor Education Foundation and NORC at the University of Chicago. Among survey respondents who opened new accounts in 2020, investing for retirement was the most frequently cited reason for opening the account, despite the study’s focus on taxable investing.The study, Investing 2020: New Accounts and the People Who Opened Them, found that the majority of new investors — defined as those who opened a non-retirement investment account for the first time during 2020 — were under age 45 and had lower incomes than investors who already owned taxable investment accounts. New investors also were more likely to be racially or ethnically diverse.[More: How social media fueled the GameStop stock surge]Respondents from 1,300 surveyed households were grouped into three categories: new investors,who opened one or more non-retirement investment accounts during 2020 and did not own a taxable investment account at any time before 2020 (accounting for 38% of the total); experienced entrants, who opened a taxable investment account during 2020 and also owned an existing taxable investment account opened before 2020 (19%); and holdover account owners, who maintained a taxable investment account that was opened before 2020 but did not open a new account during 2020 (43%).The survey found that the largest portion of African American investors (17%) were new investors, and the largest shares of Hispanic/Latino investors were new investors (15%) and experienced entrants (17%). New investors held smaller balances in their taxable accounts when compared to other investors, with 23% of female investors reporting balances under $500, compared to 15% of male investors. [More: Brokerages spark outrage from lawmakers after halting GameStop trades]While all investors reported relying on a variety of information sources when making financial decisions, holdover account owners more frequently relied on financial professionals, while experienced entrants more frequently conducted their own personal research. New investors more frequently relied on the advice of friends and family. Handicapping the race between mutual funds and ETFslast_img read more

New LoveYourBrain Program and Research removes barriers

first_imgVermont Business Magazine The LoveYourBrain Foundation, a Vermont-based national nonprofit, is proud to announce the launch of a new online program to support those affected by traumatic brain injury (TBI), alongside a new body of research on best practices to make yoga more accessible for the TBI population.In response to COVID-19, LoveYourBrain has launched LoveYourBrain Mindset, a free, six-week online yoga, mindfulness, and education program. LoveYourBrain Mindset aims to bring yoga, meditation, and education about the power of resilience to over 1,000 people affected by brain injury in its initial pilot phase. The program builds off the immense success of LoveYourBrain’s evidence-based Yoga program, now offered in 36 states and 6 Canadian provinces. To date, nearly 4,000 people affected by TBI have participated in the program across North America.The launch of LoveYourBrain Mindset comes alongside a recently published study in the journal, International Journal of Yoga Therapy, that provides a blueprint for how to make yoga accessible for people affected by TBI, including concussion. While yoga can have many powerful physical, psychological, and social health benefits for people struggling with the impacts of TBI, yoga services that are safe and specific to TBI are largely inaccessible. For the past 5 years, LoveYourBrain has been working to address this gap through free programs grounded in yoga and mindfulness for people with TBI and their caregivers.“We’ve used our learnings from implementing the LoveYourBrain Yoga program to produce the first-ever study of best practices for delivering community-based yoga specifically for TBI,” remarked Dr. Kyla Pearce, Senior Director of LoveYourBrain Programs and Post-doctoral Research Fellow at Dartmouth College. “This will serve as a critical resource for yoga teachers and medical professionals seeking to make yoga services more accessible for the TBI community. And now with the launch of the LoveYourBrain Mindset program, we can reach people with TBI in their homes with safe and accessible yoga and meditation services to support their health and wellbeing during this challenging time.”TBI is caused by an external blow to the head, resulting in disrupted brain function that can range from mild (concussion) to severe. Each year, TBI affects more than 3 million people annually in the US and Canada alone, and is a leading cause of death and disability worldwide. LoveYourBrain pioneered its Yoga, Retreat, and Education programs – offered across North America at no cost to participants – to empower the TBI community with new tools, resources, and connections. A series of published research studies on LoveYourBran Yoga have found diverse and clinically meaningful improvements in health outcomes from participants. “As LoveYourBrain continues to grow and expand in response to the health crisis of TBI, we do so with evaluation and evidence that ensure our programs work and are replicable,” said LoveYourBrain’s Board Chair, Pia Pearce. “This research is an important complement to our organization’s new virtual approach to program delivery.”To learn more about the LoveYourBrain Mindset, Yoga, and Retreat programs, visit LoveYourBrain at loveyourbrain.com(link is external).About LoveYourBrainThe LoveYourBrain Foundation is a national non-profit that improves the quality of life of people impacted by traumatic brain injury (TBI) and raises awareness about the importance of brain health through programs that build community and foster resilience. Guided by their family’s experience, brothers Kevin and Adam Pearce established LoveYourBrain in 2014 following Kevin’s severe TBI from a snowboarding accident prior to the 2010 Vancouver Olympics. Kevin’s remarkable resilience was documented and transformed into the award-winning HBO Documentary, “The Crash Reel,” which brought to light the experience and prevalence of TBIs. In response, LoveYourBrain developed programs and resources designed to create community and foster resilience. LoveYourBrain’s Yoga and Retreat programs are offered across North America, and the organization offers free online resources such as guided meditations, yoga classes, brain tips and community blog. Visit http://www.loveyourbrain.com(link is external) to learn more.Source: Norwich, Vermont — The LoveYourBrain Foundationlast_img read more

GOP voters taking time to sort pack

first_imgSome Republicans said they thought the field was strong despite the war. Among them were Bryan and Nicole Goulet, who set up a front-row seat Monday with their 2-year-old daughter, Camryn, for the traditional Labor Day parade in Milford, N.H. The parade, under a sparkling blue sky, drew three presidential candidates: Republican Mitt Romney and two Democrats, Sens. Barack Obama and Christopher J. Dodd. Nicole Goulet, 37, a business development manager, said she liked both Romney, who is leading in the polls in New Hampshire and Iowa, and Giuliani, who is leading in the national polls. She said she expected both would “toe the party line” on Iraq, though her sister is a Marine who is about to go to Iraq, and “on a personal level, I’d love for her not to have to go.” In any event, she said, the war “is not the only issue,” and both Romney and Giuliani are good business executives. Josh Schultz, 28, of Lancaster, Ohio, who drives a bulldozer and also works as a mechanic, said he was starting to like Romney “because he seems down to earth.” Asked about Thompson, he replied: “Who’s that? Oh, that guy on TV? I haven’t heard much about him. I’ve been working too much to watch TV news.”160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Interviews with dozens of Republicans across the country this Labor Day weekend found that despite the already lengthy campaign, which started almost a year ago, many candidates have made either no impression or a negative one, and many voters are still chewing over their options. “The Republicans need to get their spunk back,” said Leanne Stein, 41, who lives in Claridon, Ohio, and works at a retirement home. So far, Stein said, Rudolph W. Giuliani has shown a bit. “He’s got style, and he has firsthand experience with how to run government in a way that deals with terrorism,” she said. “But he needs someone to coach him on all the issues. All he talks about is terrorism. What about health care? What about education?” By and large, those interviewed said they still supported Bush, but they were deeply ambivalent about the war in Iraq, leaving them ambivalent in turn about their party’s presidential candidates, most of whom have so far stuck close to Bush on the issue. ANTRIM, N.H. – Nancy Adams bought her fishing line on Monday morning at Place in the Woods, an old trading post, and was hopping back into her red pickup truck when she was asked to contemplate the political landscape. Adams, an energetic 70, is a lifelong Republican who voted for Sen. John McCain in the 2000 primary and backs President George W. Bush. But she is a bit lost when it comes to the current crop of eight candidates seeking the Republican presidential nomination. “I’m having a hard time sorting out all these candidates and what they think,” she said. “I liked McCain, but he’s losing ground too fast to win. I don’t know if it’s his age or the war. “We’ll see what Thompson says,” she added, referring to former Sen. Fred D. Thompson, who is expected to enter the race Thursday. last_img read more