One of the biggest surprises in the first half of 2020 was what didn’t happen: Most individual investors, despite their reputation as nervous Nellies who sell into every panic, didn’t dump their stocks even when the market meltdown was at its worst. The typical individual investor is the polar opposite of the gamblers who have been grabbing headlines for day-trading stocks. While some bailed out at the bottom, the vast majority hung steadfast through one of the most frightening bear markets in decades.

Source: Wall Street Journal June 26, 2020 15:00 UTC