According to market research house Synovate Malaysia, only 12% of the total stock market investors are from the age group of between 20-29, while those 40 years old and above dominate the market with almost 60% of them actively investing in the stock market.
The numbers tilt further towards the older people in the market when we consider dealers, as young ones below 30 only make up 4% of the total dealers in the market, while those above 40 make up a huge 61% of the market share!
Staggering figures to say the least, but why is the situation such? (more…)