A new report from Charles Schwab finds the firm’s retail clients more confident in decision making and better off financially in the first half of this year than they were in 2015 and 2016. Many think it’s a good time to invest. Twenty percent of Schwab clients said they expected to move money to individual stocks over the next three months, while 30 percent said they would hold steady.
The survey found that retail investors’ outlook for the U.S. stock market was up in the second quarter, with 42 percent feeling bullish, compared with 33 percent during the same period last year. Bearish sentiment declined from 39 percent in the 2016 second quarter to 35 percent a year later.
The average cash allocation among all Schwab clients in the first half fell to 19.8 percent from 21.1 percent at the end of 2016. Among investor types, millennials held more cash, 27 percent of their portfolios, than millionaires, with 16.6 percent, and active traders, with 18.2 percent.
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