Nearly half of younger investors plan to increase the amount of money they invest in the stock market this year, far outpacing their older peers, according to a recent survey from TD Ameritrade Holding Corp. (AMTD).
The brokerage's survey of roughly 1,000 investors with at least $10,000 in investable assets found 46% of individuals between the ages of 18 and 34 expect to step up their market bets this year, compared with just 20% of those ages 35 and older.
"Younger investors tend to be more optimistic because they have time on their side. As investors get closer to retirement, they tend to become more cautious, and what's going on in the economy right now has exacerbated those feelings," said TD Ameritrade Chief Executive Fred Tomczyk.
The survey also found investors of all ages surprisingly upbeat about the market prospects for the months ahead despite the persistent overhang of a debt crisis in Europe and a slowly growing U.S. economy.
Roughly half of all investors said they were "optimistic" about investing conditions in the next three months, including 56% of those ages 18 to 34 and 44% of those above the age of 35.
-By Mia Lamar, Dow Jones Newswires; 212-416-3207; firstname.lastname@example.org