Underlining that anxiety, the survey showed that more than six in ten investors (61 percent) say that Americans are pessimistic about the markets compared to fewer than four in ten (39 percent) who sense optimism.
"When it comes to how investors feel about the financial markets, you could say that bleak is the new black," said
Bleak Outlook Creates Investor Inertia
The survey, conducted
The upcoming Presidential election as well as potential changes to tax and interest-rate policies, are also prompting many to delay making investment or planning decisions, the survey found. Nearly four in ten investors said they are holding off until after the election to take action and more than a third said they don't intend to make any decision before they have a better sense of where tax and interest rates are heading.
Positioning for Opportunity and Taking Action
To be sure, investor needs differ and no investment or planning solution is appropriate for every investor, yet
"Shares in a number of U.S. companies are still very reasonably valued on many historical metrics. And with the sell-off in emerging markets equities last year, we've been seeing opportunities in certain geographies and sectors." he said. "From high yield bonds to emerging market debt to strong dividend stocks, opportunities for yield exist outside the traditional fixed income sources in this market. Challenging markets can often provide the most promising investment opportunities."
"For example, given low interest rates, intra-family lending can be a compelling and timely estate planning opportunity. Bear in mind that transfer tax rates are likely to go up this year,"
For additional investment and planning insights and perspectives from BNY Mellon Wealth Management, visit www.bnymellonwealthmanagement.com.
About the Survey
The telephone survey was conducted among a national probability sample of 637 adults 18 years of age or older who invest in the markets by ORC International's CARAVAN® Omnibus Services on behalf of BNY Mellon Wealth Management from
BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about
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