Retail investors are largely neutral about investing in equities for the long-term, according to a new survey.
TD Ameritrade Holding Corp. (NYSE: AMTD) released this finding in a new online poll of 1,089 investors to ascertain their views on economic conditions and the stock market outlook. Conducted by Research Now on behalf of TD Ameritrade, the poll was limited to investors who have $10,000-plus in investable assets, own securities in brokerage accounts, are 18 years or older, manage their portfolios and have traded securities at least once in the past 12 months.
When asked to rate their confidence in the stock market as a good place for their long-term investments on a scale of 1 to 10, with 1 being unconfident and 10 being highly confident, retail investors are largely neutral, giving a mean response of 6.40, the study discloses.
Additionally, 59 percent of investors say their confidence has changed in the last two to three years. Among these investors, 52 percent said that they are less confident today and 48 percent say they are more confident.