According to the report, there is a notable difference in the investment decisions of lower-income investors. They may require more assistance in making investment choices, such as maintaining regular contributions and adhering to trading decisions without being swayed by emotions.
The report also highlighted that lower-income investors tend to opt for riskier strategies, such as trying to time the market. In contrast, respondents earning over $150,000 are more inclined towards a cautious approach like dollar-cost averaging.
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