Apex Fintech Solutions ("Apex"), the fintech for fintechs powering innovation and the future of digital wealth management, today released its Third Quarter 2022 Apex Next Investor Outlook ("Q3 ANIO Report" or the "report"). The report, which analyzes proprietary data of U.S.-based investors who trade through introducing brokers on the Apex Clearing platform as of September 30, 2022, sheds light on the top 100 stocks[1] held by investors across four generations, with a special focus on the millennial and rising Gen Z[2] demographics. The report also includes an analysis of cryptocurrency trading data across the platform. The report is not intended as securities analysis nor as a recommendation to buy or sell any investment and is meant for informational purposes only.
Throughout the third quarter 2022, Gen Z investors turned to renewable energy stocks that focus on mitigating climate change and rising gas prices. Alternative energy companies including Rivian, ChargePoint, Plug Power Inc., and Enphase Energy experienced notable growth. Consistent with the second quarter 2022, stable, income-generating, dividend players such as Costco, Abbvie and Chevron were still widely held, while the top stocks held within the Gen Z top 10 included Tesla, Apple, Amazon, Google, and Microsoft.
"As recession fears increase and geopolitical and environmental concerns are top-of-mind globally, younger investors are increasingly looking to technological innovation to pave the way for a clean energy future. At the same time, investors across generations remain interested in accessing the power of digital assets," said Connor Coughlin, General Manager, Fintech at Apex Fintech Solutions. "Apex's data underscores a heightened level of retail engagement as digital trading, wealth technology and financial education platforms continue to democratize access to the financial markets."
While turbulent crypto market conditions persist, Millennial investors remained bullish on Bitcoin and other flagship cryptocurrencies, including Ethereum. There were approximately 5.2 million crypto-enabled accounts on the Apex Crypto platform in the third quarter, a 6% increase from 4.9 million in the second quarter. Millennials represented 43% of those 5.2 million crypto-enabled accounts, with Gen Z following at 35%, Gen X at 18%, and Boomers at just 4%. Across all generations analyzed, 90% of accounts continued to hold their positions across tokens offered on the Apex Crypto platform.
Overall, the report analyzed nearly 1.4 million Gen Z accounts, in addition to over 6.8 million accounts held by millennials, Gen X and baby boomers owned by investors on the Apex platform, calculated as of September 30, 2022.
Themes in the Apex Q3 Next Investor Outlook include:
To download the full Q3, 2022 ANIO Report, click [here].
About Apex Fintech Solutions
Apex Fintech Solutions is a fintech powerhouse enabling seamless access, frictionless investing, and investor education for all. Apex's omni-suite of scalable solutions fuel innovation and evolution for hundreds of today's market leaders, challengers, change makers, and visionaries. The Company's digital ecosystem creates an environment where clients with the biggest ideas are empowered to change the world. Apex works to ensure their partners succeed on the frontlines of the industry via bespoke custody & clearing, advisory, institutional, digital assets, and SaaS solutions through its Apex Clearingtm, Apex Cryptotm, Apex Advisor Solutionstm, Apex Silvertm, and Apex CODA Marketstm brands.
For more information, visit the Apex Fintech Solutions website: https://www.apexfintechsolutions.com.
Important Information:
The availability of products and services may vary by country. Nothing herein is an offer to sell or a solicitation of an offer to buy securities, products, or services by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. The summary data in this report is composed of specific types of accounts that met certain criteria that clear through Apex (e.g., self-directed individual accounts within a certain age range at a particular point in time). Any company stocks and ticker symbols that appear herein are for illustrative purposes only and do not constitute a recommendation for a particular security. All investments carry risks. Investment returns will fluctuate and are subject to market volatility. An investor's shares, when redeemed or sold, may be worth more or less than their original cost. You should consider your investment objectives, the risks involved, and consult with your investment and/or tax professional about your specific circumstances prior to making an investment decision.
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[1] Top 100 stock rankings reflect the 100 largest holdings based on notional values as of September 30, 2022, held across all retail accounts on the Apex platform.
[2]The generations are segmented by the birth date of the account holders: Baby Boomers: 1946-1964; Generation X: 1965-1980; Millennial: 1981-1996; Generation Z: 1996-2012.
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