Stocks And Shares The Way Forward For Over 50s

Written by Editorial Team

11 January 2010 / by Rebecca Sargent

Stocks and shares are the way to make a profit in 2010 for 40 per cent of over 50s, a study by Saga Share Direct has revealed.

An optimistic 41 per cent of the over 50s questioned believe that the FTSE 100 will be trading between 5501 and 6000 by the end of 2010, while a quarter believe it will hold its current position.

Meanwhile, 21 per cent believe that the base rate, which has been at 0.5 per cent for the last 10 months, will double to one per cent over the next year.

However, 31 per cent are of the opnion that the recession will continue into 2011, while just one in 10 believe that the worst will be over in the first three months of 2010.

Commenting, Andrew Goodsell, executive chairman at Saga Group said: “Whatever the Government says, the research clearly shows that a large number of over 50s believe the recession is far from over.

“Despite the difficult investment environment, successful stock picking could prove a key method of increasing funds this year.”

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