Investor Confidence Surges, Traders Expect Stocks to Rise

Better Investing

What's Hot

2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

President-elect Donald Trump is influencing stock trades in some unexpected ways, a survey finds.

The potential unknowns of the impending presidential changeover have not dampened investor confidence — judging by a new survey, just the opposite.

E-Trade Financial’s latest Streetwise survey found that 65 percent of experienced investors feel bullish about the current market. That’s the highest level measured by the survey in two years and reflects an increase of 20 percentage points from one year ago.

Streetwise is a quarterly poll of experienced investors. For the latest edition, 904 self-directed active investors who manage at least $10,000 through online brokerages were queried.

The latest survey also found that 3 in 5 investors believe the market will rise this quarter, an increase of 26 percentage points from one year ago.

Mike Loewengart, vice president of investment strategy at E-Trade Financial, explains:

“While the market started 2016 on a down note, the year ended with a bang — closing at near record highs. With the initial uncertainties of the election, the Brexit vote, and a long anticipated Fed rate hike now in the rearview mirror, many investors see opportunities in 2017, despite the potential unknowns of what a Trump presidency may bring.”

Some investors are making moves that Loewengart says reflect shortsightedness and could hurt their portfolios in the long run.

He tells Business Insider that E-Trade’s survey also found that many investors, especially younger ones, admit to making stock trades based on tweets from President-elect Donald Trump:

  • Among survey respondents ages 25 to 34: 60 percent had traded off a Trump tweet.
  • Ages 35 to 54: 36 percent
  • Age 55 and older: 20 percent

Loewengart explains to Business Insider:

“Older investors have lived through many more market environments, and they are cognizant of the fact that what the president-elect says is much less meaningful in the longer term. The concept of long-term compounding of growth becomes crystallized for someone who’s experienced.”

Wondering where the economy is heading? Check out “What’s Ahead for Stocks, Housing and Oil Prices in 2017?

Have you made any stock trades based on Trump’s tweets? Let us know below or on Facebook.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know About

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,044 more deals!