Less than half of people are very confident with exactly how much money they have across providers
of people are very confident with how much money they have across various financial providers
Those who describe their investment knowledge as expert, or advanced, are much more likely to be very confident with how much money they have
People are generally active when it comes to their personal finances
of people check their investments at least monthly
But they might be considered too active; holding investments for less than the five years that professional guidance generally recommends. They are also making reactive decisions
How long it’s generally recommended you should remain invested in a product
The average length of time that people stay invested with products before moving elsewhere or cashing it in
How people responded to a period of market volatility
of people stuck with their initial investment plan
of people made changes to their investment portfolio’s risk profile
And it would appear that people’s activity is not paying off, with over half of them dissatisfied with their investments
of people have not achieved what they wanted with their investments over the past five years
People often blamed themselves for this dissatisfaction
A lack of satisfaction is further increased by rising income and return expectations
The annual total return (i.e. income and capital growth) people expect to make, each year, from their total investment portfolio over the next five years
2018
2019
And what people want is not much different to what they realistically expect
is the minimum level of income people would like to receive
is the level of income people expect to receive over the next 12 months
Often, people lean towards investing in markets that are familiar to them
People that prefer funds that invest in their home country
People that prefer funds that invest in countries familiar to them
People that think that emerging markets are too risky