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74% of US investors fear stock market correction.

BANKING AND CREDIT NEWS-December 8, 2017-74% of US investors fear stock market correction

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Seventy-four percent (74%) of US investors age 40 years and older are concerned about a stock market correction given the long running bull market, and virtually all investors (97%) said the market at its current levels has risks with 37% saying the risk was significant or mostly risky, according to findings of a Global Atlantic Financial Group national study of US investors 40 years of age and older regarding stock market risk and investments, the company said.

The study was conducted in October and November 2017 by Ebiquity, a global market analytics firm, among 1,005 US investors with investments in the stock market through stocks, ETFs, mutual funds, 401Ks or IRAs.

Even with stock market risk concerns high, about 7 out of 10 investors (69%) said that their investment vehicles are subject to the stock market moving up and down. In fact, fifty-nine percent (59%) of employed investors said that a significant stock market drop would inhibit their ability to retire when they want, while twenty- five (25%) percent of those already in retirement said it would disrupt their retirement.

Asked how the 2008 financial crisis and stock market decline impacted the value of their savings and investment portfolio, about one in 10 (9%) investors reported a loss of more than 50% in value, about a quarter (23%) said a loss between 25 and 50% in value, and a third (34%) said a reduction of 10 to 25% in value. Sixteen percent (16%) or respondent could not recall the change in value.

Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs. In addition, Global Atlantic offers custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies around the world.

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Publication:M2 Banking & Credit News (BCN)
Date:Dec 8, 2017
Words:358
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