Four in five (80) UK investors are confident that their portfolio will bring a return over the new financial year, despite issues like the cost-of-living crisis and the Ukraine conflict.
As a result, two thirds (63%) stated that they plan to keep their portfolio as is for the year ahead, although 29% have plans to make further investments, while just 8% are going to reduce their portfolio size.
When it comes to the most popular channels, stocks and shares were the most prominent path of investment, followed by ISAs, bonds and Index or Mutual Funds.
The research comes from peer-to-peer real estate investment platform, easyMoney.
Jason Ferrando, chief executive of easyMoney, said: “In what has become an increasingly difficult landscape, it’s great to see that investor confidence remains robust for the year ahead and this is no doubt the result of a varied approach to investing and the benefits that a diverse portfolio can bring.
“What is perhaps surprising is the fact that so few are utilising the tax-free allowance open to them via ISA investment. At the same time, the majority are also sticking with the more established routes of a stocks and shares or cash ISA, despite other products, such as the Innovative Finance ISA, presenting a far stronger return.
“However, the latter is gaining ground as investors look to bolster their returns in darker economic times, with the flexibility that an IFISA provides also proving a popular draw. Our advice, whichever path you decide on, make sure you maximise your tax free ISA allowance this financial year.”
