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The market correction that occurred during the fourth quarter of 2018 weighed on retirement plan participants who have a self-directed brokerage account, according to Charles Schwab's SDBA Indicators Report.
“The fourth quarter of 2018 brought a sharp downturn for many markets on the concerns about slowing global growth,the effects of Fed interest rate increases, trade disputes, and a partial government shutdown,” the report states. “… As a result, the average account balance for all participants in [Schwab's self-directed brokerage account] was down.”
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Emily Zulz
Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.
