Small Savers Buy in the Stock Market Crash

Since the Stockholm Stock Exchange opened at 09:00, there have been more buy transactions than sales at the online broker Avanza. It seems that savers are pressing the buy button a bit more here to find bargain buys. There are approximately 30 per cent more buy transactions than sales, says Philip Scholtzé, savings economist at Avanza.

» Updated: September 19 2024

» Published: August 05 2024

Small Savers Buy in the Stock Market Crash
Photo: Fredrik Sandberg/TT

Philip Scholtzé sees this as a positive signal in the gloomy stock market situation.

The worst situation you can be in today is if you have taken too high a risk with your money and now have to sell. This rather indicates that our customers are saving for the long term and see this dip as a buying opportunity.

When the Stockholm Stock Exchange opened, the number of trades that were executed on Avanza was double compared to Friday, although much of it may consist of orders placed over the weekend.

It's important to read up and form your own opinion about how the situation can affect the companies you're invested in, both in the short and long term. Then you might get a calmer feeling in your stomach, says Philip Scholtzé.

Tags

TTT
By TT - Translated and adapted by Sweden Herald

More news

Porsche's Tunnel Plan Sparks Protests
2 MIN READ

Porsche's Tunnel Plan Sparks Protests in Salzburg

Dubai Chocolate Craze Drives Pistachio
1 MIN READ

Dubai Chocolate Craze Drives Pistachio Prices to New Heights

Volvo to Cut Up to
1 MIN READ

Volvo to Cut Up to 800 Jobs in US Facilities

Easter Eggs Evolve: More Companies
1 MIN READ

Easter Eggs Evolve: More Companies Join the Festive Trend

Economics Students' Math Skills Lagging,
1 MIN READ

Economics Students' Math Skills Lagging, Warn Swedish Educators

Survey Reveals Workplace Silence Affects
1 MIN READ

Survey Reveals Workplace Silence Affects One in Seven Employees

Trump's EU Talks: Agriculture, Security,
2 MIN READ

Trump's EU Talks: Agriculture, Security, and Currency on the Agenda

Volkswagen Considers Shifting Audi Production
1 MIN READ

Volkswagen Considers Shifting Audi Production to U.S. to Avoid Tariffs

Skistar Relocates Guests Due to
1 MIN READ

Skistar Relocates Guests Due to Snow Shortage in Swedish Mountains

Swedes to Spend Nearly a
3 MIN READ

Swedes to Spend Nearly a Billion Kronor on Easter Candy

Indonesia to Boost Oil and
1 MIN READ

Indonesia to Boost Oil and Gas Imports from USA to Ease Trade Tariffs

European Stocks Gain Popularity as
3 MIN READ

European Stocks Gain Popularity as Investors Shift Focus from US

Asian Markets Show Mixed Movements
1 MIN READ

Asian Markets Show Mixed Movements as Investors Eye US Tariff Talks

Netflix Surpasses Market Forecasts with
1 MIN READ

Netflix Surpasses Market Forecasts with Strong Quarterly Earnings

United Health's Sharp Decline Weighs
1 MIN READ

United Health's Sharp Decline Weighs on Wall Street Indices

Civil Servant Strike Averted as
2 MIN READ

Civil Servant Strike Averted as New Agreements Reached

IMF Predicts Global Economy to
1 MIN READ

IMF Predicts Global Economy to Sidestep Recession Despite Trade Strains

Judge Rules Google Maintains Illegal
1 MIN READ

Judge Rules Google Maintains Illegal Monopoly in Digital Advertising

Electricians Secure New Deal with
1 MIN READ

Electricians Secure New Deal with Pay Raises and Shorter Hours

US Economy Shows New Signs
2 MIN READ

US Economy Shows New Signs of Weakness with Housing and Manufacturing Slumps

Jonathan Anderson Named Dior Menswear
1 MIN READ

Jonathan Anderson Named Dior Menswear Creative Director

Eli Lilly Shares Surge After
1 MIN READ

Eli Lilly Shares Surge After Promising Weight Loss Pill Results

ECB Lowers Rates Again, More
3 MIN READ

ECB Lowers Rates Again, More Cuts Expected This Year

Study Reveals Long-Term Economic Strain
1 MIN READ

Study Reveals Long-Term Economic Strain for Russia in Ukraine Conflict

Trump Claims He Can Oust
2 MIN READ

Trump Claims He Can Oust Fed Chair Powell Despite Lacking Authority

Hermes Increases U.S. Prices to
1 MIN READ

Hermes Increases U.S. Prices to Offset Tariff Impact

Trump Administration Halts New York
1 MIN READ

Trump Administration Halts New York Offshore Wind Farm Construction

Genre image
1 MIN READ

Pernod Ricard Sales Dip Due to Cognac Challenges in China

TSMC Reports Strong Q1 Results
1 MIN READ

TSMC Reports Strong Q1 Results with 42% Sales Increase

ABB Gains Despite Downturn in
1 MIN READ

ABB Gains Despite Downturn in Stockholm Stock Exchange

ABB Boosts Profit, Plans Robotics
2 MIN READ

ABB Boosts Profit, Plans Robotics Division Spin-Off

Asian Markets Rise on Positive
1 MIN READ

Asian Markets Rise on Positive US-Japan Trade Talks

SBAB Predicts Decline in Mortgage
1 MIN READ

SBAB Predicts Decline in Mortgage Rates as Repo Rate Expected to Drop

Trump Reports 'Great Progress' in
2 MIN READ

Trump Reports 'Great Progress' in Trade Talks with Japan

Nvidia's Warning Sends Wall Street
1 MIN READ

Nvidia's Warning Sends Wall Street Indices Tumbling

EU Launches Safety Sweep to
1 MIN READ

EU Launches Safety Sweep to Tackle Dangerous Products Online

WTO Report: Trump's Tariffs Could
1 MIN READ

WTO Report: Trump's Tariffs Could Cut Global Trade by 1.5% by 2025