August 28, 2021
1. Do you have one or more online trading or investment accounts?
Yes, I have one or more accounts that I access both online using a computer and using a mobile app.
2. If your response to Question 1 is Yes, do you think you would trade or invest if you could not do so online using a computer or using a mobile app?
No
3. On average, how often do you access your online account?
Daily/more than once a day
4. On average, how often are trades made in your online account, whether by you or someone else?
Daily/more than once a day.
5. If you access your account online, did you have the account first, and only began to access it electronically later? Or did you open the account with the idea that you would access it electronically immediately?
I downloaded an app or visited a website first, and then opened up an account with the company
6. My goals for trading or investing in my online account are (check all that apply):
Save and grow my money for medium- to long-term goals
7. What would you like us to know about your experience with the features of your online trading or investment platform? (Examples of features are: social networking tools games, streaks, or contests with prizes points, badges, and leaderboards notifications celebrations for trading visual cues, like changing colors ideas presented at order placement or other curated lists or features subscription and membership tiers or chatbots.)
All of these features have only engaged the interest of ordinary Americans into trading and investing. More Americans than ever own shares and are taking control of their financial future. All of these features are a natural culmination in the democratization of investing. Whether an individual treats their investing and trading experience as a game or something more serious is completely dependent on the user. None of these features made me ever treat trading like a game, and it wouldn't subvert anyone into a gambler.
8. If you were trading or investing prior to using an online account, how have your investing and trading behaviors changed since you started using your online account? (For example, the amount of money you have invested, your interest in learning about investing and saving for retirement, the amount of time you have spent trading, your knowledge of financial products, the number of trades you have made, the amount of money you have made in trading, your knowledge of the markets, the number of different types of financial products you have traded, or your use of margin.)
I've always invested online. I can't imagine why we should ever go back to calling your broker to place trades. It's such an anachronistic practice.
9. How much experience do you have trading or investing in the following products (None, 12 months, 1-2 years, 2-5 years, 5+ years):
Stocks : 2-5 Years
Bonds : None
Options : 2-5 Years
Mutual Funds : 2-5 Years
ETFs : 2-5 Years
Futures : Less Than 12 Months
Cryptocurrencies : Less Than 12 Months
Commodities : None
ClosedEnd Funds : None
Money Market Funds : None
Variable Insurance Products : None
Business Development Companies : None
Unit Investment Trusts : 2-5 Years
10. What is your understanding, if any, of the circumstances under which trading or investing in your account can be suspended or restricted?
I know the limits of my margin, and I evaluate my portfolio every single day and act accordingly to adjust the risk profile of my account.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
My experiences with online trading and investing have been nothing but positive. It has been a life changing experience for me since I now have a source of income that I rely on. I don't want any regulatory changes that would limit my trading experiences. And even though I'm not restricted by pattern day trader rules, the PDT rule should be removed since I've seen many more small, retail investors get hurt as a result of not being able to trade while their account is under PDT lockdown.