Prudential Reports One In Five Stock Market Investors Never Check
on: September 17, 2009, 7:38 am
has revealed that over one in five (22 per cent) of UK stock market
investors never check the performance of their shares. Furthermore,
it has been revealed that 65% of investors don't seek any professional
advice prior to investing.
findings, from new research conducted for Prudential*, found that
36 per cent of UK adults aged 18+, equivalent to 17.23 million
people**, have invested in the stock market over the past 10 years.
However, more than half (53 per cent) of these investors admit
they only check share performance every six months or less frequently,
with one in five (20 per cent) saying they only review their stock
performance once a year and 22 per cent admitting they never do.
it comes to gaining advice on where the best place is to invest
their savings, UK adults appear to be equally apathetic with around
two thirds of investors (65 per cent) saying they rely on internet
searches or media reports when selecting which shares or investment
fund to buy with just 16 per cent seeing an independent financial
adviser, four per cent consulting a stockbroker and 10 per cent
gained advice from bank or building society staff.
while many stock market investors fail to adequately monitor share
performance or gain financial advice on how to invest,
they are at least exposing themselves to an asset class which
has historically shown some of the strongest growth. This sits
in stark contrast to the rest of the population with around 30
million UK adults (64 per cent) having made no stock market-based
the past ten years.
Cheal, Retirement Savings Business Director, Prudential said:
"While not everyone is fortunate enough to have spare funds
to save or invest, many people do and it is staggering how few
are seeking financial advice or looking to capitalise on the growth
potential that the stock market has historically offered.
who invest in the stock market have taken the first important
step towards benefiting from the long-term growth of the economy,
but they stand a greater chance of maximising its value if they
re-evaluate their investment arrangements regularly. However,
in volatile markets, investors may not want all their eggs in
one basket and multi-asset funds which provide diversification
can give them some degree of comfort while still having exposure
to the stock market. Those who feel they lack the knowledge to
manage a diversified portfolio should consider getting professional
financial advice from a stockbroker or an IFA."
information contained in Prudential UK's press releases is intended
solely for journalists and should not be used by consumers to
make financial decisions. Full consumer product information can
be found at www.pru.co.uk
Notes to editors
* Survey conducted by Research Plus among 2,000 UK adults aged
18+, between 9th - 15th July 2009
**Office of National Statistics 2007 show 47,864,000 adults aged
18+ in the UK. Research conducted for Prudential show that 64%
of the 47,864,000 adults = 30,632,960
** Source: Financial Express
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