Investor confidence falls by Finance News Bulletin
Published: 12/12/07
self-assurance in the investment and savings market has fallen, according to new research published by normal Life The firm's latest Savings and asset Index based on surveys conducted in October fell from a score of 20 to 11, demonstrating a "marked change in sentiment" towards the marketTrevor Matthews, leader executive of UK financial services at Standard existence, described the drop in confidence as "dramatic" and suggested that the credit chomp and market "instability" had taken their toll"Our research shows that there is now a substantial veering towards the less risky cash and short term deposits," he remarked
However, people have to to have a "long-term perspective" with possessions such as property and stocks and shares, he added in spite of recent periods of market turmoil, Barclays Stockbrokers found that 66 per cent of investors seem to take advantage of such volatility by buying inexpensive stocks Tom Ryan, director of the solid, said that people see such era as "an opportunity" to invest in "cheap"
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