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Moomoo's North America 2024 Investor Survey: Insights and Implications

Moomoo, a prominent platform in the investment and trading sector, has recently unveiled insightful findings from its first-ever North America 2024 Investor Survey. This survey sheds light on how the consistent rise in market performance throughout 2024 has notably enhanced investor confidence. Both US and Canadian users reported a marked increase in their trading activities compared to the previous year, along with a higher proportion of users experiencing positive returns.

As the year progressed, the US market approached historic highs, prompting a shift in investor sentiments. Many are feeling less anxious about inflation and broader economic conditions, although there is a palpable sense of caution regarding higher valuations in the market. Respondents expressed a belief that while the Federal Reserve's support through interest rate reductions has played a role in market growth, the pace of these cuts is expected to slow down compared to 2024.

Interestingly, the survey detailed a greater awareness among Canadian investors about the specific challenges they face—chiefly regarding taxation policy, currency fluctuations, and central bank actions. With the Canadian dollar concluding the year at a historically low exchange rate against the US dollar, concerns about possible changes to tariff structures in 2025 also emerged.

Key Findings of the Survey

A significant 75% of Moomoo users reported having traded more frequently in 2024 than in 2023, indicating a growing sense of optimism towards the stock market. However, compared to the outlook of 2024, which had 45% of users feeling bullish about the market, only 42% maintain this optimism for 2025. This slight decrease could be attributed to the sentiment surrounding heightened valuations; 64% voiced concerns that stocks leading the AI revolution are now overvalued, an increase from 54% the previous year.

Justin Zacks, Vice President of Strategy at Moomoo Technologies, emphasized this cautious optimism, stating, “While many investors took charge of their trading during the highs of 2024, they still expect technology stocks to outperform other sectors while being mindful of their current valuations.” The data reveals that 85% of users added funds to their trading accounts, with two-thirds of these users making three or more contributions over the year.

Moreover, Moomoo's US CEO, Neil McDonald, noted an encouraging trend: 31% of respondents expressed substantial confidence in achieving their investment goals, up from 26% the previous year. Nevertheless, concerns regarding economic dynamics prevail; while inflation worries have eased, participants are attuned to a potentially softer job market, prompting a more cautious sentiment.

For Canadian investors, the landscape appears more complex. A striking 87% identified taxes as integral to their investment strategies, and 88% expressed concern over how currency exchange rates might impact their US investments. Moomoo's CEO for Canada, Michael Arbus, remarked on the broader implications of these factors: “As the Canadian dollar struggles against the US dollar, our investors trading in US equities, options, and ETFs will need to incorporate this currency component into their investment strategies.”

About the Survey

Conducted between December 23 and 28, 2024, the survey sampled approximately 1,200 registered Moomoo users across North America—1,000 from the US and 200 from Canada. The insight gained highlights general sentiments and individual experiences, reflecting a landscape influenced by dynamic market conditions. As with any trading or investment platform, past performance does not guarantee future results, and investors are advised to consult financial professionals regarding their particular circumstances.

Moomoo is a leading financial information and trading app that empowers users with cutting-edge tools and insights to enhance their investment decisions. Founded and thriving in numerous global markets, Moomoo’s commitment to user-friendly features fosters an inclusive environment for investors to learn, share, and grow their portfolios effectively. For more information on Moomoo’s offerings, prospective users are encouraged to visit moomoo's official website.