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Despite the economic uncertainty caused by COVID-19, new and experienced investors took to online brokers in droves last year, according to the FINRA Investor Education Foundation and NORC at the University of Chicago. Most of those investors were trying to save for retirement, but were using taxable accounts to do it, the organizations explained in a February paper, “Investing 2020: New Accounts and the People Who Opened Them.”

Related: Americans believe pandemic economy is worse than 2008 recession

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