More people are investing than ever before

 

April 29th, 2021

 

In the aftermath of the pandemic, a lot of people saw the importance of having money saved up in times of crisis. Those who were lucky enough to have money saved, took advantage of the low stock prices and opened investing accounts. Then, we started off 2021 with the GameStop saga, a short, but epic, battle in which reddit-driven investors drove GameStop's stock to an incredible short squeeze. From there, a lot of people were introduced to investing and went straight to open broker accounts. In fact, we know that a lot of people have been driven to investing because Charles Schwab, a well-established broker company, added more clients in the first three months of 2021 than in all of 2020. Now in 2021, Charles Schwab reported a record breaking 3.2 million accounts in the first quarter of the year. The broker firm also reported that it operates nearly 32 million brokerage accounts and holds about 7.07 trillion in client assets. As a result, the stock has experienced some overall growth. Now, you're probably wondering what does this mean for you? Well, with more people investing now than before, this is a great time to start learning more about investing. A great way to start investing would be to start researching companies that you want to invest in, assessing your risk tolerance and looking for forums where you can learn from other traders' mistakes.

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