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Age is but a number: under 25s positive on hunt for income

Your Money
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Your Money
Posted:
Updated:
12/02/2013

Younger investors have a more positive outlook on the stock markets than the over 55s, a new report suggests.

According to execution-only broker the Share Centre, investors aged 25 and under are more positive about the stock market, UK and global economies than their counterparts aged over 55.

Younger investors are also more likely to have a specific investing outcome in mind than those aged over 55, and are more likely to have a diversified across a range of products.

According to the report, over 55s tend to stick with shares, whereas younger investors are more confident in investing in a wider range of investment vehicles.

Graham Spooner, analyst at The Share Centre, said: “The research paints a positive picture for the future of investing in the UK. It’s surprising to see that young people are looking for income from their investments when you would imagine them to be seeking growth.

“We have found young investors tend to be more experimental, exploring new investment opportunities whereas some older investors do tend to shy away from them.

“What’s clear is that young investors are happy to look more broadly at a range of products, and they feel positive about the future.

“What we’re seeing is that when it comes to investing age really is just a number, and investors across the board can be successful, however experienced they are.”


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