Geopolitics aside, investors take long view with buying intentions
This follows a May survey of more than 30,000 of his subscribers about their thoughts on managing their personal wealth.
Results show that despite the inherent risks to prices, investors continue to favour assets which can be affected by geo-politics as most have a long-term focus and events over the next one to two years are less of an issue.
The Sharesies-sponsored survey conducted had 947 responses, around 70% of whom are aged between 30 and 65. Respondents’ investment assets (including savings but excluding the family home) were less than $500,000 (28%), $500k-$2million (36%), $2m-$5m (22%) and more than $5m (14%).
The net proportion of respondents for the second quarter of 2024 who say they intend adding to their portfolio in the coming year remained steady at 75%; slightly down from 78% for the first quarter.
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