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To: Return to Sender who wrote (28785)2/23/2006 7:51:34 AM
From: sixty2nds  Read Replies (2) | Respond to of 95743
 
06:02 Individual investors shift assets to stocks - WSJ

The Wall Street Journal reports Individual investors are moving into the stock market at a stronger clip than seen in years. The number of trades by individual investors has risen substantially at discount brokerage firms in recent months and jumped an estimated 30% to 40% in January from December. The discount firms also report that money flowing into stock mutual funds last month was at a near record level. Charles Schwab (SCHW), for example, saw $4.5 bln flow into its stock mutual funds last month, the highest amount since February 2000, when net investments hit $4.7 bln. Other financial-services companies also say they are seeing greater activity among individual investors, although many of these firms don't disclose detailed data on a monthly basis. At Citigroup (C), the Smith Barney Consulting Group division says investment flows into stocks so far this year are "substantially" higher than they were in 2005 and 2004. Edward Jones saw new account openings in January rise 11% from a year ago, and says February growth is also strong. At Fidelity Investments, net flows into stock mutual funds soared to $5.6 bln in January from $400 mln a year ago. Fidelity says the investments represent new money coming in, as well as a reallocation of cash sitting in investors' brokerage accounts.