Go compare with our comparison table

Saga finds a third of over 50s still see shares as a good investment

14 July 2009 / by Rachael Stiles

Investing in shares is a good bet, according to almost a third of investors aged over 50, research from Saga has found.

Saga's survey of more than a hundred thousand adults aged 50 or older, discovered that 29 per cent believe that shares are offering a good investment prospect at the moment, despite recent turmoil in the economy and stock market volatility.

Commenting on the results of Saga's research, Roger Ramsden, chief executive of Saga Services, said: "Contrary to the perception that people are stashing cash under the mattress in the recession, research by Saga Financial Planning shows that many over 50s are forecasting strong investment opportunities over the next 18 months."

However, there is still some uncertainty amongst the over 50s about the best place to invest their money at the moment, with 36 per cent of respondents admitting that they feel less confident about making financial decisions, compared to the way they felt 18 months ago.

A further 38 per cent of over 50s investors said that they are unsure of where to find the best opportunities for investing for growth in the next 18 months, Saga's research found, so Mr Ramsden urges those investors who are unsure to seek independent financial advice before making any investment decisions.

Mr Ramsden also commented on how Saga's research also discovered that the housing market is not dead for the over 50s, even though house prices and sales have plummeted with falling mortgage lending.

"Optimistic over 50s are also seeing growth potential in the housing market," Mr Ramsden said, with 20% thinking that it still offers superior returns in the long term.

Meanwhile, with interest rates on savings accounts following the 0.5 per cent base rate with record lows, just 10 per cent of over 50s believe that in the current climate, savings still offer the best opportunity to make the most of their money.

© Fair Investment Company Ltd
 

 Product NameISA OptionIncome YieldMore Info
Income Maximiseryes
See Details
More Info >
Seeks to achieve a target yield of 7% to generate a quarterly income, whilst offering the potential for some long-term capital growth. Save 100% on Initial Charges.
Monthly Income Plus Fundyes
See Details
More Info >
Popular monthly income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. 100% discount on initial charges.
Click here to view latest Fund Facts »
Strategic Bondyes
See Details
More Info >
Investing in higher yielding assets which will include most types of fixed interest securities, this fund aims to deliver a quarterly income to investors. Save up to 97% on Initial Charges.
Invesco Perpetual Corporate Bond Fundyes
See Details
More Info >
This highly popular investment fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.
Click here to view latest Fund Facts »
Artemis Income Fundyes
See Details
More Info >
One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off the Standard Initial Fund Charge.
Click here to view latest Fund Facts »
Invesco Perpetual High Income Fundyes
See Details
More Info >
One of the UK's most popular income funds, the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.
Click here to view latest Fund Facts »
M&G Corporate Bond Fundyes
See Details
More Info >
The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge.
Jupiter Merlin Income Portfolioyes
See Details
More Info >
The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount off the Standard Initial Charge.
Click here to view latest Fund Facts »
The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below.