We asked thousands of retail investors from our million-strong global community about what they’re expecting and how they’re planning to invest in the fourth quarter of 2024. Stock markets around the world hit multiple record highs, boosted by the seemingly never-ending growth of AI-related tech stocks and the long-awaited arrival of interest rate cuts. And as a result, retail investor optimism hit record highs.
The Finimize Index tracks retail investor sentiment across our 1.1 million global community and is updated every quarter. The percentage of respondents who think global stock markets will be higher a year from now has shot to its highest level since our survey began, coinciding with the S&P 500 hitting fresh new highs.
That stands to reason given it’s home to about 60% of world’s stock market capitalization, and to a lot of the companies riding highest on the AI trend. Beyond North America, our data from this quarter showed investors were most interested in exploring opportunities in Japan (34%) and China (26%).
Despite seeing $279 billion wiped off its value in just one day in September, Nvidia remains modern retail investors’ top stock. 32% say they plan to invest in the AI chipmaking darling in the next six to 12 months – though that’s a slight drop from last quarter’s 35%. Respondents’ intentions to invest in other tech giants fell similarly – by between 1% and 4%. Trailing Nvidia was Apple (29%), Amazon (27%), and Microsoft (27%).
Investors have partly turned their attention to Berkshire Hathaway: 21% now plan to invest in Warren Buffett’s firm, up from 16% last quarter.