September 4, 2021
1. Do you have one or more online trading or investment accounts?
Yes, I have one or more accounts that I access online using a computer.
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?
Yes
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?
Less often than once a month.
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
Have fun
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.)
Has made investing more engaging and fun. My wife for example was completely uninterested in the markets abd has now become engaged and we now have good conversations about where companies are going, whats affecting there futures, and have actually listened to some earnings calls together Ha
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.)
Yes - my trading and knowledge of the market has improved greatly. I feel like I have much greater access to the tools and real time prompts that help inform me of my investments.
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 : 5+ Years
Bonds : None
Options : 2-5 Years
Mutual Funds : 5+ Years
ETFs : 5+ Years
Futures : 1-2 Years
Cryptocurrencies : 2-5 Years
Commodities : None
ClosedEnd Funds : None
Money Market Funds : None
Variable Insurance Products : None
Business Development Companies : None
Unit Investment Trusts : None
10. What is your understanding, if any, of the circumstances under which trading or investing in your account can be suspended or restricted?
Good, margin maintenance is a possibility (though I keep it below 10% of my account). Pattern day reading doesnt affect me since the account balance is over 25,000. Pattern day trading, restrictions on investing in start ups, crypto currencies, options and other restrictions meant to protect me are very frustrating and seem like a wall put up so that only the rich can have access.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
I love that my friends and I now are more knowledge and engaged with the market. I am trying to encourage more folks to fill out surveys like this so that well meaning but ultimately destructive government rules are not put into place.