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Over 6.6 million Brits are looking to take advantage of stock market volatility

March 6, 2008 by admin  
Filed under News, News-Banking

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Up to 15 million Brits have looked into investing in the stock market according to new research.

A further 6.6 million are considering taking advantage of current lower market valuations and investing in the stock market.

However, findings from Abbey revealed that 26 per cent said they would never invest in the stock market.

Up to 15 per cent said they are less likely to buy shares given recent market movements.

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.”

According to Abbey, research shows that 49 per cent of people would consider investing in such products in addition to a normal savings account.

Consumers living in Wales and the south-west are most likely to invest in the stock market, with 33 per cent currently having stock market investments.

Meanwhile, research from the firm revealed that up to one in ten Brits do not have any contents insurance.

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