Market Research
Americans Positive About Portfolio Recovery In 2010 - Survey
Investors in the US are keeping a positive outlook on their
portfolios, revealing in a recent survey that they expect
recovery to come sooner than expected.
In the latest
Edward Jones survey of American investor sentiment, there is
a significant drop in the number of individuals who think it will
take more than six years to recover losses, from 24 per cent in
2009 to 15 per cent in 2010. More Americans are also actively
saving for retirement now than a year ago, from 69 per cent to 78
per cent. Respondents aged 55 to 64 years old reflected the
greatest overall increase, with 83 per cent preparing for
retirement compared to 69 per cent in 2009.
All the optimism, the survey found, came despite 67 per cent of
the respondents saying that they have not recovered their losses
from last year. Nevertheless, of those who earn over $100,000 a
year, 16 per cent said their portfolios have recovered, versus
only two percent in the previous year who thought it would be
possible to achieve in one year.
"The market is clearly showing signs of improvement and investors
are feeling better about the time it will take for their
portfolios to recover," said
Alan Skrainka, the chief market strategist at Edward
Jones.
The survey, conducted by
Opinion Research Corporation on behalf of the company, polled
the answers of 1,000 respondents.