CV Lattes
ORCID
Abstract
The stock market is expanding, leading more people to invest in various financial products. According to a study by the Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais (ANBIMA) and DataFolha, the percentage of Brazilian investors increased from 31% in 2021 to 36% in 2022, adding 8 million new investors. In this scenario, it is of utmost importance to understand t…