From dabblers to day traders, small investors’ impact on Wall Street grows even in volatile market
LOS ANGELES — For years, retail investors were dismissed by some on Wall Street as “dumb money.”
That typically referred to those prone to trading on hype, or chasing trends rather than company or industry fundamentals, or responding late to big market moves.
That’s no longer the case. An analysis of where retail investors put their money last year shows they outperformed two of the most popular,