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Self-directed investors are moving out of cash and into equities holdings during the pandemic, according to a pair of reports that shed light on investor behavior.
Equities increased from 26.8% of holdings on March 31 to 30% on June 30, according to a study of self-directed investment activity in retirement accounts by Charles Schwab. Meanwhile, cash made up 18.5% of holdings at the end of March but only 16.6% at the end of June, the Schwab study said.
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