Investors Anticipate Highs and Lows in 2013: Higher Taxes, Lower Unemployment, among Others

  Investors Anticipate Highs and Lows in 2013: Higher Taxes, Lower
  Unemployment, among Others

  TD Ameritrade quarterly investor sentiment survey reveals expectations of
                          Americans and their money

Business Wire

OMAHA, Neb. -- January 31, 2013

Macro-economic factors and the state of the country’s balance sheet continue
to weigh on the minds of retail investors, although younger investors tend to
have a much rosier perspective than their elder counterparts. This is
according to the quarterly retail investor sentiment survey from TD Ameritrade
Holding Corporation (NYSE: AMTD).

Finding #1: investors’ economic expectations for 2013 are a mixed bag of ups
and downs

Today, 46 percent of investors say they are optimistic about their 3-month
outlook for the U.S. economy, up slightly from 43 percent in September 2012.
This sentiment, while not wildly bullish, is in-line with the varied views
investors have about how the economy and markets will fare by the end of 2013,
including:

1.The S&P 500 will be higher (55%)
2.U.S. Unemployment will be lower (54%)
3.U.S. GDP will be higher (45%)
4.Taxes will be higher (85%)
5.Corporate Earnings will be higher (53%)
6.The Federal Deficit will be higher (73%)

Additionally, younger investors were much less likely to have a pessimistic
view of the economy. Just fourteen (14) percent of Generation Y and Z
investors (those born from 1977-1994) said they were pessimistic. This
compares to the 34 percent of Generation X investors (born 1965-1977), 26
percent of Boomers (born 1946-1964) and 38 percent of Matures (1930-1945) who
said the same.

Finding #2: older investors worry more about the deficit; for younger
investors it’s the economy

Investors are moderately confident in the stock market as a good place for
their long-term investments, rating their confidence with a mean score of 6.6
out of 10. Of top concern are economic issues (26%), like unemployment and
housing, and federal spending and deficit issues (25%).

However, age plays a part in determining which issue is more important. Thirty
(30) percent of Mature investors, those born from 1930-1945, cited federal
spending and the deficit as their greatest concern, versus only 17 percent of
those in Generations X, Y and Z (born after 1965). On the flip-side, 30
percent of younger investors were more concerned about the economy, versus
only 17 percent of Matures.

Finding #3: Washington has a role in encouraging investors to re-engage with
the markets

Fifteen percent of investors surveyed say they are trading less today, and
they are largely looking to Washington for reasons to re-engage. Their top
five improvement indicators include:

1.Federal spending (43%)
2.The economy (41%)
3.Political gridlock in Washington (35%)
4.The markets in general (31%)
5.The nation’s tax code (30%)

“Investors are growing more optimistic about the future of the U.S. economy,
but they’re also looking to our nation’s leaders for a credible long-term plan
to ensure that this recovery continues to gain momentum,” said Tom Bradley,
president of retail distribution for TD Ameritrade, Inc., a broker-dealer
subsidiary of TD Ameritrade Holding Corporation. “Our clients are turning to
us more than ever for guidance and help as a result of the uncertainty in the
environment. In fact, referrals to guidance-based products and advice channels
are at all-time highs.”

The TD Ameritrade Quarterly Investor Sentiment Survey measures the opinions of
retail investors on news and issues relevant to today’s markets. For
information on how retail investors are actually behaving in this environment,
check out the Investor Movement Index^SM (IMX), a proprietary, behavior-based
index created by TD Ameritrade that measures and aggregates the historical
trading activities of TD Ameritrade clients and lends insight into how
bullish, bearish or neutral they may be about the market.

The TD Ameritrade Newsroom includes a deep wide selection of past research
studies capturing the pulse of retail investors and independent registered
investment advisors on topics ranging from retirement and young money, to
taxes and general market sentiment. For the latest news and information about
TD Ameritrade, follow the company on Twitter, @TDAmeritradePR.

AMTD-G

About the Survey
1,022 investors participated in an online survey conducted by Research Now on
behalf of TD Ameritrade Holding Corporation from Jan. 2–10, 2013 and offered
their views on economic conditions and outlook for the market in general.
These investors have at least $10,000 in investable assets, own securities in
brokerage accounts, are 18 years or older, are involved in managing their
portfolios, and have traded securities at least once in the past 12 months.
The 1,022 survey respondents represent a random sample of investors selected
from a consumer panel of individuals in the U.S. who have access to the
Internet. The margin of error in this survey is ±3.0%. This means that in 19
cases out of 20, survey results based on 1,089 respondents will differ by no
more than 3.0 percentage points in either direction from what would have been
obtained by seeking the opinions of all eligible individuals in the U.S. who
are online. Research Now and TD Ameritrade Holding Corporation are separate,
unaffiliated companies and are not responsible for each other's products and
services.

About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (NYSE: AMTD) technology, people and education
to help make investing and trading easier to understand and do. Online or over
the phone. In a branch or with an independent RIA. First-timer or
sophisticated trader. Our clients want to take control, and we help them
decide how - bringing Wall Street to Main Street for more than 36 years. TD
Ameritrade has time and again been recognized as a leader in investment
services. Please visit TD Ameritrade’s newsroom or www.amtd.com for more
information.

Brokerage services provided by TDAmeritrade, Inc., member FINRA
(www.FINRA.org) /SIPC (www.SIPC.org) /NFA (www.nfa.futures.org)

About Research Now
Research Now is the leading global online sampling and online data collection
company. With over 6 million panelists in 38 countries worldwide, Research Now
enables companies to listen to and interact with real consumers and business
decision makers in order to make key business decisions.

Contact:

TD Ameritrade Holding Corporation
For Media:
Kim Hillyer, 402-574-6523
Director, Communications & Public Affairs
kim.hillyer@tdameritrade.com
@TDAmeritradePR
or
For Investors:
Jeff Goeser, 402-597-8464
Director, Investor Relations & Finance
jeffrey.goeser@tdameritrade.com
 
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