Britons have ‘lowest appetite’ for stock market investing in the G7
https://www.ft.com/content/5a8e6064-907a-46e9-b310-ae640c75edaa
Posted by MrStilton
Britons have ‘lowest appetite’ for stock market investing in the G7
https://www.ft.com/content/5a8e6064-907a-46e9-b310-ae640c75edaa
Posted by MrStilton
20 Comments
Britons have fuck all disposable income. More at 10.
Financial knowledge on the whole is dreadful in this country, I don’t necessarily blame anyone though, money is a taboo subject for some reason. We don’t talk about it and then wonder why nobody knows anything about it.
*Britons have the lowest appetite among their G7 peers for investing in the stock market, according to a new study that showed personal wealth in the UK was mostly tied up in* ***housing, pensions and cash.***
*UK savers invested just 8 per cent of their wealth directly into equities and mutual funds compared with 33 per cent in the US and an average of 14 per cent across the remaining five G7 nations, according to an analysis of national accounts by Abrdn.*
What are pensions normally invested in again?
If you people to invest you should stop levying 18% or 24% capital gains tax on what they make.
Because only until very recently, successive governments have ensured that property is the only game in town. We may have the lowest appetite for the stock market but we have the highest appetite for landlording. Country is absolutely chocked full of them.
Many people remember the mess of the 1980/90s, black Wednesday and Monday.
They also remember pensions being stolen/embezzled which is probably a reason why private pensions are under invested in, too.
There’s been a long running general lack of trust in financial institutions.
Then the financial crisis in the 2000s was the cherry on top.
Many people lump bankers and stockbrokers together, and don’t trust them nor want to be involved with them.
Add to that how house price increases have outstripped pretty much all other investments, with almost zero risk, and you can see why people stuck to buying houses. This fed back on itself and became a virtuous circle (for investors, not first time buyers, of course).
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uk has highest interest rates in G7 so perhaps this contributes to things.
Good on them, it’s a zero sum game dominated by the big institutions with a lot of financial firepower.
It’s just legalised casino gambling.
On social media nobody believes the main stream media, but the stock market reporting doesn’t get enough criticism.
Why. People are greedy idiots
Few of my mates say I’m too skint to invest. Mean while £550 a month Range Rover and Tesla on driveway….
Watch this if got questions about investing for retirement https://youtu.be/gvZSpET11ZY?si=mmOPe3Sx-6tFuvmC
Because nobody explained to us how any of this works, it’s not taught in schools and difficult to understand yourself and it seems full of risk.
I don’t think it’s their appetite. But more that LITERALLY 60% OF BRITAINS LIVE PAY CHECK TO PAY CHECK AND HAVE NO MONEY.
I’m not even kidding when I say almost nobody I know in the uk has more than £300 in disposable income.
I’m not even kidding. Pitiful amounts like £100 aren’t even worth investing.. it’s the same as the post saying we don’t spend money in shops. Ofcourse we don’t. We’re all perpetually broke…
It might have to do with the stock market in the UK being absolute shit? Anybody smart has moved out years ago, to the US and Asia.
And then you have the ridiculous stamp duty on shares which makes it even worse.
Does amaze me how little the average person understands about saving.
The S&P over 100 years averages around 10% total return or 7% inflation adjusted.
Given how generous SIPP and ISA’s are I’m sure many people would be better off just knowing the basics and sticking savings in an S&P or all world tracker.
We have the appetite, just not the financial means to dabble.
My shoes are getting wet again…
We have the appetite, just not the financial means to dabble.
My shoes are getting wet again…
I have plenty of appetite, it’s just that it’s for all the food I can’t afford
The FTSE 100 has grown just 7.89% over the past 5 years. Maybe this should explain why no one wants to invest in stocks in the U.K.
I’ve experienced several once in a lifetime financial events, so my confidence isn’t exactly sky high. That said, the cash I do have invested I have recently pulled out to enable me to buy a house, which takes a boat load of capital to do.