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New army of individual investors flexes its muscle

wsj 5 min read . Updated: 31 Dec 2020, 12:17 PM IST Caitlin Mccabe, The Wall Street Journal
In this photo provided by the New York Stock Exchange, trader Edward McCarthy, left, works on the trading floor, Monday, Dec. 14, 2020. Stocks are rising on Wall Street Monday, as the country's first vaccinations against COVID-19 have the end of the pandemic slowly materializing into hazy sight. (Nicole Pereira/New York Stock Exchange via AP) (AP)Premium
In this photo provided by the New York Stock Exchange, trader Edward McCarthy, left, works on the trading floor, Monday, Dec. 14, 2020. Stocks are rising on Wall Street Monday, as the country's first vaccinations against COVID-19 have the end of the pandemic slowly materializing into hazy sight. (Nicole Pereira/New York Stock Exchange via AP) (AP)

  • More than 10 million new brokerage accounts were opened in 2020 as individuals piled in to bet on stocks

The online brokerage industry might be hard pressed to outdo the record-breaking year it experienced in 2020, but for now, few are betting against it.

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