Monthly portfolio adjustments are significantly more common among younger investors (58%) than older investors (38%), according to the report.

Gen Z and Millennials were twice as likely to be making daily changes to their portfolios (8%) as their Gen X and Boomer counterparts (4%).

Copy trading (a style of investing which allows people to automatically copy positions by other investors) was also significantly more popular with Gen Z and Millennials (77%) than older generations (49%).

Younger investors were also “embracing broader investment opportunities” than their older counterparts and were more open to investing in both Futures (64%) and Fractional Shares (65%), which are welcomed by less than half of Gen X and Boomers.

International investments were also more appealing to younger investors.

While 55% of Gen X and Boomers said they believe there are good investment opportunities in overseas markets, this number rose to 69% among Gen Z and Millennials. The same can be seen in the appetite for US investments specifically, which were appealing to 62% of older investors and 71% of younger investors.

Richard Flynn, UK managing director at Charles Schwab, said: “We are seeing a clear divide emerge between more seasoned retail investors and those that have more recently entered the field. The younger ‘Generation Trader’ cohort welcomes a wider range of investment opportunities, be it in overseas markets or in less familiar asset classes, while investors at a later stage of life are more likely to stick with what they know.

“It will be interesting to see whether the rise of Gen T yields stronger investment performances, and whether this is the beginning of a surge in interest in trading in the UK. While retail trading is a well-established phenomenon in the US, it is less mainstream in this country, but perhaps our research signals a change.”

• Charles Schwab surveyed 1,000 UK investors in February, with a spread of demographics across age, region, gender, working status, income and total value of savings and investments.