SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

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: 19 September 2024

» Published: 05 August 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 TTThis article has been altered and translated by Sweden Herald

More news

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

The stock market opens upwards
2 MIN READ

The stock market opens upwards

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street

Billion Fines for American Express
1 MIN READ

Billion Fines for American Express

Adviser: Trump wants to save Tiktok
3 MIN READ

Adviser: Trump wants to save Tiktok

Employers want to stop Israel blockade
1 MIN READ

Employers want to stop Israel blockade

Crisis for Vapiano – Applies for Reconstruction
1 MIN READ

Crisis for Vapiano – Applies for Reconstruction

Lagerhaus Applies for Reconstruction
1 MIN READ

Lagerhaus Applies for Reconstruction

Kristersson wants to act against Chinese online companies
1 MIN READ

Kristersson wants to act against Chinese online companies

Nintendo shows the successor to Switch
1 MIN READ

Nintendo shows the successor to Switch

Unexpectedly weak growth for US retail sales
1 MIN READ

Unexpectedly weak growth for US retail sales

New - smaller model - to boost Polestar
1 MIN READ

New - smaller model - to boost Polestar

New strength signals from the US banking sector
2 MIN READ

New strength signals from the US banking sector

Court Approves Plantagen's Reconstruction
1 MIN READ

Court Approves Plantagen's Reconstruction