This figure understated the true power of retail investors.

这一数字低估了散户投资者的真正力量。

Retail investors, surveyed every week by the American Association of Individual Investors, are feeling their most bullish since November 2021.

美国个人投资者协会每周对散户投资者进行调查，散户们感受到了自2021年11月以来最乐观的情绪。

Demand for shares from retail investors outstripped supply by 1,148 times.

散户投资者对股票的需求是其供给的1148倍。

The bet is that ETFs will lure retail investors, who are numerous, and institutions, which have big money.

人们押注的是，交易所交易基金将吸引数量众多的散户投资者和资金雄厚的机构投资者。

These worries have led lawmakers to question whether retail investors stand to make any gains from Robinhood.

人们的担忧导致立法者质疑散户投资者是否能在Robinhood上获利。

Whether the firm's empowerment of retail investors has been desirable or not is more than a philosophical matter.

该公司授权散户投资者是否可取，不仅仅是一个哲学问题。

In Britain financial advisers must charge retail investors fixed fees rather than commissions, to avoid conflicts of interest.

在英国，财政顾问可以向散户收取固定费用但不能收取佣金，以此避免利益冲突。

So retail investors are looking elsewhere.

因此散户投资者正在寻找其他地方。

In part this might be the result of overexuberance among retail investors.

这在一定程度上可能是散户投资者过度兴奋的结果。

Financial news in China is abuzz with stories on the performance of star managers. Many retail investors make decisions based on such information.

中国的财经新闻充斥着有关明星经理业绩的报道。许多散户投资者根据这类信息做决策。

You know, today it costs single-digit basis points for a retail investor.

您知道，如今散户投资者的成本仅为个位数基点。

It's gained a huge amount of popularity amongst retail investors.

它在散户投资者中广受欢迎。

It's the FT's weekly publication for retail investors.

这是英国《金融时报》面向散户投资者的每周刊物。

Outside of their pension plans, even experienced retail investors have a habit of over- trading—to the detriment of returns.

除了养⽼⾦计划之外，就算是最⽼道的投资⼈也会有过度交易的倾向，⽽这种倾向却有损于收益率。

I mean, obviously a lot of our listeners, a lot of retail investors have been investing in crypto.

我的意思是， 显然我们的很多听众， 很多散户投资者一直在投资加密货币。

But local retail investors piled in, attracted partly by the sweetener of an extra free share for every ten they buy and hold for six months.

但当地小额投资者蜂拥而至，部分原因是他们每购买10股并持有6个月，就可以获得额外的免费股票。

So retail investors are pouring into commodities markets to try and cash in.

因此，散户投资者纷纷涌入大宗商品市场， 试图从中获利。

The second group is retail investors keen to get in on IPO action that banks typically reserve for those same clients.

第二类是散户投资者，他们热衷于参与银行通常为这些客户保留的首次公开募股行动。

And most retail investors don't have specialist knowledge of commodities.

大多数散户投资者都不具备商品方面的专业知识。

Now from a retail investor's point of view, how does it look from the other side of the Atlantic?

现在从散户投资者的角度来看， 从大西洋的另一边看， 情况如何？