A majority of young investors say the market rout of June that pushed Wall Street into bear territory has not made them alter their investment strategies, and they are instead suffering from “reverse FOMO” before an expected recovery.
“Our community is down 12.93 per cent over FY22, which we’re happy to disclose as we want our investors comfortable talking about the downside and learning from one another, and they’re not concerned,” he added.The 2022 financial year annual survey also found that 93 per cent of investors were putting money into exchange-traded funds and listed investment companies, up 4 percentage points from 2021, and 16 per cent were investing in cryptocurrencies, down 8 percentage points.
Most investors said they planned to hold their investments for at least five years; 40 per cent aimed to hold them for more than 20 years.“If this last bull market has gotten the ball rolling on more learning [about investing], then this bear market might be the catalyst for more learning,” Mr Nicolaides said.
Australian investors who rebalanced following the market turmoil leant towards cash, and 20 per cent increased their exposure to the asset class between June 7 and 17, followed by domestic equities, commodities and crypto, the eToro research found.Within sectors, Australian investors increased their allocations to energy, technology, utilities, real estate and financial services.Co, agri-tech platform Pinduodo, FedEx and real estate group Zillow.
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