Youth and Expectations:
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Investors in Internet stocks are younger than average--duh!--and hope for more than twice the average expected return, according to a national survey of 1,026 consumers by the Gallup Organization.
Twenty-seven percent of investors under 40 have invested in Internet companies, compared with 15% of all investors, according to the 11th monthly index of investor optimism co-sponsored by Paine Webber. The younger investors say they expect returns of 30.6% in the next 12 months, compared with 14.7% for older shareholders.
“They are essentially the buy-what-you-know audience,” said Frank Drazka, director of technology investment banking at Paine Webber.--Bloomberg News
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