Majority of investors confident in job security, investments

According to a recent eToro survey, 71% of investors are confident about their job security, while 67% are confident in their investments.

Transcript

00:00 So amid an at times, bit of an unclear economic environment,

00:04 how would you describe the general sentiment

00:06 among investors?

00:07 Would you say some are perhaps more skittish than usual?

00:10 What's your diagnosis of where we are right now?

00:13 Well, JD, we're a retail brokerage,

00:15 so of course we try to keep our finger on the pulse

00:18 of individual investors.

00:19 And what we're all kind of feeling right now

00:22 is general ease about our financial situations,

00:27 about the job market.

00:28 I mean, we see it in surveys that we run.

00:30 But at the same time, we feel skittish about what's

00:32 happening around us, which makes a lot of sense.

00:34 I mean, the world is changing very quickly.

00:37 Interest rates are quite high.

00:38 And some parts of the economy don't feel great.

00:41 So to that point, according to a recent retail investor survey

00:45 data that you and your colleagues at eToro put

00:47 together-- and they're always amazing data points--

00:51 over half of respondents are confident

00:53 about their financial situations.

00:55 Do you expect that to last?

00:57 Yeah, so this is the wild thing about that.

00:59 We ask retail investors about if they're

01:03 confident about a bunch of different topics--

01:05 their financial situations, the economy, the global economy,

01:08 the housing market.

01:09 And what we've found over and over again

01:12 is that more than half of retail investors

01:14 feel good about their own financial situations

01:16 and their own employment.

01:18 But less than half of them feel good

01:20 about the economy around them.

01:22 So this isn't much of a surprise to me.

01:24 It's part of the reason why we saw the Vibe session last year,

01:27 where confidence dropped, but the labor market

01:30 remained strong.

01:31 So I think we're just seeing a continuation of that.

01:33 And I actually think, with inflation coming down,

01:36 if it stays down, then we could see

01:38 confidence continue to improve.

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