Many people are still planning on making cash investments despite the prospect of low interest rates, it has been reported.
Research conducted by the Fair Investment Company has found that 25 per cent of investors will go for cash-based investment products while, for 51 per cent, cash is currently their greatest exposure.
The main reasons given for sticking to cash included the security it offers and the fact that investors could easily access it.
Nick Scarrett, head of pension and investments at Fair Investment Company, said: "There is a lot of talk of diversifying assets and opting for riskier investments in order to improve returns, and this suits many people, but the bottom line is, most people are happiest in cash."
A study by Interactive Investor recently found that an increasing number of people were turning their back on cash individual savings accounts (ISA), with many going for self-select ISAs instead.
Anyone wishing to invest in an ISA must do so before April 6th if they want to beat the tax deadline.
Cash still a priority for many investors
Cash still a priority for many investors
Thu, 11 Mar 2010
Recommended links
Make the right investment choicesIsas and bonds
Monthly income deposit accounts
Compare Isa offers
National savings certificates
Investments review and enquiry form
Corporate bonds will be a success, says investor
New stock market linked savings bond from Nationwide
FTSE investments looking positive for next year
| Stocks & Shares news |
|---|
| Investors happy to make own decisions but lack SIPP knowledge, survey finds - Tue, 05 Apr 2011 |
| Investors put off switching Isas by low rates and fear of mistakes - Thu, 31 Mar 2011 |
| Investors shunning banks when taking out an Isa - Tue, 22 Mar 2011 |
| More News |
