Even five years out from the stock market meltdown, Americans still
haven’t regained their appetite for risk. According to a study published by the
ICI, the percentage of mutual fund owners who say they have above-average risk
tolerance dropped from 36 percent in 2008 to 30 percent now. Those saying their
risk tolerance is below average rose from 14 percent to 22 percent.
The age group showing the biggest
drop in risk tolerance was those investors aged 35 to 49. But the change in
attitude may be best seen in younger investors, 25 percent of which say they
have below-average risk tolerance.
Consider this: In 2007, before the
crash, investors in their twenties had 48 percent of their 401(k) assets
invested in pure stock funds. But by 2011, that figure had dropped to 33
percent.
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