Nearly 80% of retail investors are confident the stock market will do well over the next 12 months, according to a TD Waterhouse survey of about 1,000 UK adults who also traded stocks and shares in the past year.
Of those who trade at least once a month, some 60% say they are more confident than they were a year ago. The survey, carried out in late October, but only just published, suggests nearly half, 45%, expect the FTSE 100 to break the 7,000 points level by January. Fewer than 1-in-10 (9%) think it will fall in the same time-frame while if given £50,000 to invest, half say they would put the money into equities, and half into property. Strong performances in investors’ own portfolios over the past year are cited as a major reason behind the views, TD Waterhouse says. Although more than ha...
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