TD Ameritrade CEO Tim Hockey told CNBC on Tuesday, “There has been a “spectacular” increase in retail investor activity, thanks in part to cryptocurrencies and marijuana-related securities.”
The stats say millennials are responsible for 72 percent of new accounts in the fourth quarter compared with a year earlier. “Right now there is frenetic activity from a retail trade point of view,” Hockey said in an interview with “Closing Bell.”
CNBC reports, after the bell Monday, fourth-quarter earnings and revenue beat analyst expectations. Its daily average trades were 726,000 in the fourth quarter, up 49 percent from a year earlier.
Hockey also stated, “The cryptocurrency and marijuana sectors made up about 7 percent or 8 percent of those trades. A year prior, they made up about 2 percent.”
No doubt those 35 and younger strongly believe bitcoin and the herb are sound investments. Not necessarily in that order. Hockey also announced TD Ameritrade is extending trading hours on its platform to 24 hours, five days a week for several popular exchange-traded funds. He said, “the move makes sense because market-moving events happen overnight.”
We’re talking about a brand that eats regulation for breakfast
This is like the coolest BONG that has come into our lives in HELLA long
Palo Cedro by A Golden State is MOS DEF Stuff Stoners Like, dude
Blueberry Parfait, a sativa cannabis flower from PHASES' Vibration series is TASTY AF
Zen Cannabis gummies and chocolates are Stuff Stoners Like
Marijuana weight explained: Learn how grams, quarters, and ounces of weed compare