Here’s where investors say they’d put an extra $10k

Caleb Silver, Editor in Chief, Investopedia, breaks down how retail investors would spend an extra $10,000.

Transcript

00:00If you asked our readers, and we do ask them this, what would you do with an extra 10 grand right now?

00:05Discretionary investment money. What would you do with it?

00:08Their number one choice, single stocks.

00:10They would go chase some of their favorite single stocks.

00:12The next choice would be ETFs, which shows you they would diversify as well if they could.

00:16And then way down the line are CDs and money markets and high yield savings.

00:20Why? Because the savings rate has been evaporating slowly.

00:22So if you're not getting 5% plus, what the alternative is, is either going to be stocks or crypto.

00:27And we have a very high intensity stock crowd on Investopedia.