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Study: Web stocks attract younger crowd

Published on .

Internet stocks are not widely held among all investor groups, according to a study from PaineWebber, New York, and the Gallup Organization, Princeton, N.J. In fact, investors with less than $100,000 in investable assets report much higher proportions of investments in Net companies than do investors with more than $100,000 in assets, the Index of Investor Optimism found. Half of all investments by individuals in Internet companies have taken place since 1998, and only 15% of all investors own or have owned Internet stocks. The study also found that investors under 40 expect overall rates of return that are more than twice those of investors over 40.

Copyright April 1999, Crain Communications Inc.

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