Podcast Center
Video Center
Webcasts
Resource Center
Events
September 21, 2011 at 01:48 PM
Those who invest in products with guarantees are more likely to stay invested in the stock market, even during short-term losses, a survey released Wednesday by Prudential found.
According to the survey, which questioned Americans in the “red zone,” or the years immediately before or after retirement, 84% of investors would stay in the stock market despite short-term losses and 76% would stay for the longer term horizon, up from 74% and 72%, respectively, in 2006.
Investors have grown increasingly worried about investing for retirement over the past five years, the survey found. Almost 60% are worried about how much they’ll need to have saved, and 56% aren’t sure whether their retirement strategy is right for their needs.
Nearly three-quarters of investors are concerned about a “significant decline” in the stock market near their retirement, and 47% are hesitant to invest regardless of future opportunities for growth. Furthermore, most feel that the greater risk is investing too aggressively rather than too cautiously, a dangerous outlook, according to Stephen Pelletier, president of Prudential Annuities.
