2min chapter

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Millennials Will Buy All the Stocks (EP.305)

Animal Spirits Podcast

CHAPTER

The Marginal Buyer and Seller in the Stock Market

A chart from Vanda Research shows equity and ETF purchase from individual investors. The key to this chart is it excludes 401ks and other retirement accounts. It's just brokerage money after tax dollars in custodial accounts. So this is really how much people are moving on the margins, which makes sense because you're to write the to your realness bid thing.

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