Stein: Only 2% more Betterment users withdrew funds in March 2020
Jon Stein · How I Built Resilience: Live with Tobias Lütke and Jon Stein · May 16, 2020 · at 18:03
Jon Stein, founder and CEO of Betterment, discusses retail investor behavior during the initial COVID-19 stock market crash in spring 2020.
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“Among all of our customers, only two percent more customers withdrew in March than did in a normal month for us, and by far more customers were depositing the withdrawing”
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