More Australians are relying on their own financial judgement despite recent market volatility, according to new research released this week.
The research, the CoreData Investor Sentiment Research Report, not only found that investor sentiment had slumped to levels not seen since the global financial crisis, it also found that more than half of respondents (53 per cent) were relying on their own judgement for financial matters – up from 47 per cent in the previous quarter.
It also found those not using a financial adviser were more likely to invest their money into an existing investment product (23 per cent) than those with an adviser (17.5 per cent).
Also indicating the mindset of investors was the survey’s findings that three out of ten investors were most likely to rebalance towards cash over the next quarter, with only a quarter believing shares would outperform residential property.
