Investors taking advantage of stock market woe

Tuesday, 04 March 2008 12:00

Brits are looking at investing in stocks and shares as the current volatility continues.

A poll by Abbey reveals low equity prices have attracted 34 per cent of people to investing in stocks and shares, while 15 per cent are considering taking advantage of lower marker valuations.

However, 26 per cent of those polled said they would never invest in shares and the recent instabilities have turned 15 per cent away from the markets.

Those who are investing, the poll revealed, are opting for products with guarantees against a falling market.

Reza Attar-Zadeh, director of savings and investments at Abbey, said: "Guaranteed investments offer the potential for higher returns based on stock market growth, but also provide capital protection against a further market downturn.

"Our research shows that 49 per cent of people would consider investing in such products in addition to a normal savings account, which we believe is a great way to maximise tax free savings allowances and gain access to potentially high stock market returns."

When choosing where to invest, 52 per cent turn to newspapers, while 36 per cent take advice from a financial adviser, 32 per cent follow online stock tips and 22 per cent turn to friends and family.

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