Finimize: Following Year of Uncertainty, Retail Investors Hold on to Cash Ahead of Optimistic 2024
Retail investors are continuing to oversee their investments - over 73% manage their own portfolio and over 60% use more than one app to do so.
- Retail investors are continuing to oversee their investments - over 73% manage their own portfolio and over 60% use more than one app to do so.
- Max Rofagha, Founder & CEO of Finimize said: “This year we’ve seen experienced retail investors taking a more cautious approach to their investments, keeping hold of surplus cash.
- If 2024 offers stability, it could be a record year for retail investor participation.”
Chris Beauchamp, IG’s Head of Market Analysis said: “2023 was the year of surprises for professional and retail investors given the much-predicted recession failed to arrive. - Having been such a tech-driven rally this year, perhaps 2024 will see other sectors play catch-up too.”