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The market correction that occurred during the fourth quarter of2018 weighed on retirement plan participants who have aself-directed brokerage account, according to CharlesSchwab's SDBAIndicators Report.
“The fourth quarter of 2018 brought a sharp downturn for manymarkets on the concerns about slowing global growth,the effects ofFed interest rate increases, trade disputes, and a partialgovernment shutdown,” thereport states. “… As a result, the average account balance forall participants in [Schwab's self-directed brokerage account] wasdown.”
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