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Untitled
MFS Survey: What Does the "Fearful" Investor Look Like?
Read more at www.freeerisa.com89% were very concerned about another serious drop in the stock market
73% have lowered their expectations about what life will be like in
retirement
71% were pessimistic in their outlook for the U.S. economy over the
next five years
62% prefer low risk investments today even if means low returns
61% identify themselves as a saver more than an investor
54% agreed that they will never feel comfortable investing in the
stock market again
49% are overwhelmed by all the different investment choices they have
available to them
48% said their need for financial advice has increased since the
downturn
39% decreased their contributions to 401(k) plans and Individual
Retirement Accounts (IRAs)
37% of their portfolios are in cash