When it comes to economic and geopolitical issues keeping U.S. investors up at night, the ongoing U.S.-China trade dispute trumps the growing national debt and the Fed’s interest rate cuts, according to a new survey.
Almost 46% of 1,500 investors 35 and older cited the trade war as the most concerning economic and geopolitical factor that can affect their investment portfolios, a survey sponsored by SophisticatedInvestor.com finds.
Investors in the 35-44 year age group are slightly more concerned about the dispute than the general investor population, at roughly 48%.
“The fact that nearly half of all respondents to the survey sighted the U.S.-China trade war as the primary concern for the direct effects on investment portfolios, comes as little surprise,” the website explained in a statement.
After all, it noted: “Over the past couple of weeks, financial markets have endured a roller coaster ride specifically attributed to uncertainties surrounding the escalating trade war between the two countries. The general consensus among analysts is the market volatility will continue until the trade war ceases.”
However, “when it comes to the effects of this escalating trade war … on the average American’s investments, the most important thing is don’t panic,” Amine Rahal, CEO of the website, said in a statement. “Only time will tell how long this will continue, but ultimately, a diversified portfolio is the best bet to keep one’s investments safe during economic uncertainty.”