Saga finds a third of over 50s still see shares as a good investment
14 July 2009 / by Rachael Stiles
Investing in shares is a good bet, according to almost a third of investors aged over 50, research from Saga has found.
Saga’s survey of more than a hundred thousand adults aged 50 or older, discovered that 29 per cent believe that shares are offering a good investment prospect at the moment, despite recent turmoil in the economy and stock market volatility.
Commenting on the results of Saga’s research, Roger Ramsden, chief executive of Saga Services, said: “Contrary to the perception that people are stashing cash under the mattress in the recession, research by Saga Financial Planning shows that many over 50s are forecasting strong investment opportunities over the next 18 months.”
However, there is still some uncertainty amongst the over 50s about the best place to invest their money at the moment, with 36 per cent of respondents admitting that they feel less confident about making financial decisions, compared to the way they felt 18 months ago.
A further 38 per cent of over 50s investors said that they are unsure of where to find the best opportunities for investing for growth in the next 18 months, Saga’s research found, so Mr Ramsden urges those investors who are unsure to seek independent financial advice before making any investment decisions.
Mr Ramsden also commented on how Saga’s research also discovered that the housing market is not dead for the over 50s, even though house prices and sales have plummeted with falling mortgage lending.
“Optimistic over 50s are also seeing growth potential in the housing market,” Mr Ramsden said, with 20% thinking that it still offers superior returns in the long term.
Meanwhile, with interest rates on savings accounts following the 0.5 per cent base rate with record lows, just 10 per cent of over 50s believe that in the current climate, savings still offer the best opportunity to make the most of their money.
© Fair Investment Company Ltd
Product Name | ISA Option | Income Yield | More Info | |
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Investec FTSE 100 Income Deposit Plan |
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M&G; Corporate Bond Fund | More Info > | |||
The M&G; Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge. | ||||
Jupiter Merlin Income Portfolio | More Info > | |||
The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount off the Standard Initial Charge. Click here to view latest Fund Facts » |
The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below.
Product Name | ISA Option | Maximum Potential Return | Term | More Info | |
---|---|---|---|---|---|
FTSE 100 Enhanced Kick Out Plan |
10% per annum |
Up to 6 years |
More Info > | ||
Structured investment plan with the potential to mature after years 1, 2, 3, 4, 5 or 6. If the plan matures early it will return 10% times the number of years the plan has been in force. Also available for Stocks & Shares ISA and ISA transfer. | |||||
FTSE 100 Kick Out Deposit Plan |
6% per annum |
Up to 6 years |
More Info > | ||
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 6% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer. |
The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below.
Service | ISA Option | Minimum Investment | More Info | |
---|---|---|---|---|
Share Trading Account Plus | More Info > | |||
Trade in a wide variety of investment options including International Equities, Warrants and Covered Warrants. Frequent traders get a reduced rate of £8.95 |
The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below.
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