Timothy Gokey on retail investing
From Be a trader, but be an owner too, says Broadridge's Tim Gokey · · CNBCTelevision
“There is this very broad-based growth in retail investing and it is a long-term trend — meme stocks only accounted for something like 1%, so this is much broader than the headline noise.”
On , Timothy Gokey, Chief Executive Officer, Executive Officer & Executive Director at Broadridge Financial Solutions Inc, spoke about retail investing during Be a trader, but be an owner too, says Broadridge's Tim Gokey on CNBCTelevision.
About Timothy Gokey
In an August 2022 appearance on CNBC, Broadridge Financial CEO Tim Gokey discussed the growth of retail investing and the role of technology in shareholder engagement. Gokey described Broadridge as powering "the critical infrastructure behind governance, investing and communications," and said the company clears and settles tens of billions of dollars in trades daily. He stated that retail investing is a "long-term trend" and that "meme stocks only accounted for something like 1%" of activity, characterizing the growth as "much broader than the headline noise." Gokey noted that Broadridge's data shows a shift in assets "from the so-called silent generation to younger investors and smaller accounts." Gokey also highlighted changes in how retail investors participate in corporate governance. He said that 86% of proxy activity was digital and 97% of votes were returned electronically, and that Broadridge upgraded its proxy voting system to allow investors to "vote with one click and set preferences to be alerted for topics you care about." He added that this is "making it easier for retail investors to get engaged." Gokey advised viewers to "be a trader but be an owner also," and said the mix between funds and individual stock-picking "will be tensioned back and forth."