The risk for the growing pool of everyday investors

Once called “dumb money,” everyday investors —people trading via Robinhood, Schwab and the like—are now collectively big enough to have sway over the direction of markets.Why it matters: That power can come with real risks for this herd of retail investors and potentially for the economy if they pile into an investment that goes terribly wrong.State of play: Investments are taking on an increasingly bigger share of the wealth picture for everyday Americans…
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