With Most Meme-Stock Losses Recouped, Retail Army Is on the Hunt
- Portfolios have recovered $123 billion since March: Vanda
- Signs of moves toward blue chips, crypto, new Reddit picks
This article is for subscribers only.
After taking a beating during the meme-stock mania earlier this year, do-it-yourself investors have recovered about three-quarters of their losses. Now having licked their wounds, it’s unclear whether they’ll return to making buzzy bets or stick with safer offerings.
Retail portfolios had fallen 13% by the time of their peak drawdowns on March 8 -- a loss of roughly $170 billion, according to estimates from Vanda Research Ltd., which monitors the flows of U.S. individual investors. Since then, they’ve regained about $123 billion, the firm said.