Survey: Small investors still wary of stocks
A poll is the latest sign of the emotional trauma lingering in the aftermath of the 2008 global financial crisis.
Los Angeles Times
Even as share prices hit one new high after another, small investors have only a small portion of their assets in the stock market, according to a new survey.
U.S. investors have just 18 percent of their investable assets in stocks, according to a global survey by BlackRock, the big money-management firm. They’ve stowed another 7 percent in bonds. So where are people putting their money? Low-yielding cash investments, such as money-market funds and bank accounts. More than 48 percent of assets are in cash, according to the survey.
The poll is a sign of the emotional trauma lingering from the 2008 financial crisis. Such wariness makes sense, given that it’s the fourth year of a bull market. But small fry have been chary throughout the bull run, meaning many have missed out on big gains.
BlackRock polled 17,567 investors worldwide, including 4,000 Americans.