A majority of Americans say they are concerned about market volatility over the coming year, and a third believe their retirement portfolio would suffer in the event of a market correction, according to new research by financial services firm Edward Jones.
Yet, relatively few Americans are inclined to make hasty decisions about their portfolios.
ORC International’s Telephone CARAVAN Omnibus conducted a survey in late August on behalf of Edward Jones involving a nationally representative sample of 1,006 respondents.
The survey found that 64% of respondents were concerned about market volatility over the next 12 months. Three-quarters of baby boomers and two-thirds of Gen Xers, those closest to retirement, expressed concern about near-term volatility.
At the same time, 55% said they would not adjust their portfolios if the stock market declined more than 10%.
“It’s encouraging to see that investors aren’t making rash or emotional decisions when it comes to their investment portfolios,” said Kate Warne, principal and investment strategist for Edward Jones, said in a statement.