We are cautious before investing in the stock market |
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Thu, 07 Apr 2005 01:00
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According to the Alliance & Leicester's research, the Wealth Tracker Index showed that only one person from thirty contemplates investment in the stock market despite the latest gains for stocks and shares.
The research showed an impressive one in three of us have stock market and share investments, with most hanging on and waiting for further favourable movement in the markets to increase stock values before selling or purchasing more shares.
| Investors are currently being extra careful regarding their investments and portfolios due to an expected thin flow of cash into the stock markets in the short to medium terms. The research found that 57% of investors had checked the performance of their portfolios in the past six months. This compares to only one third of investors who were found doing that since January.
A majority of them were found to prefer waiting it out, with a meager 7% considering an investment in the current situation. February saw the FTSE 100 index open at a record high level after two and a half years, representing a 14% increase in the previous six months.
Today, the FTSE index opened at 4,948, a point higher than 4,947.4 yesterday. The decision of the Bank of England vis-à-vis holding the interest rate at 4.75% is also being looked at closely by investors as it could have a significant impact on property market values, mortgage repayments plus future lending and investment figures.
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