• RSS
  • Register
    Login
SWNSdigital
  • Home
  • SWNS Digital
  • Stories
    • Health & Nutrition
    • Science & Technology
    • Lifestyle
    • Family, Parenting, and Children
    • Work & Careers
    • Money
    • Food & Drink
    • Entertainment & TV
  • Register
No Result
View All Result
  • Home
  • SWNS Digital
  • Stories
    • Health & Nutrition
    • Science & Technology
    • Lifestyle
    • Family, Parenting, and Children
    • Work & Careers
    • Money
    • Food & Drink
    • Entertainment & TV
  • Register
No Result
View All Result
SWNSdigital
No Result
View All Result

3 in 4 Americans are worried about making wrong decisions when investing their money

September 26, 2022
in Business & Money, Lifestyle, Real Life, Research, USA-ONLY, Work & Careers
Home
Share on FacebookShare on TwitterShare on Reddit

By Vanessa Mangru // SWNS

NEWS COPY w/ VIDEO + INFOGRAPHIC

The average American estimates they’ve made four wrong major decisions in their life, according to new research.

A survey of 2,000 adults found that nearly a third say they’ve made even more (31%).

This may be why 71% wish they had more guidance when it comes to making large life decisions.

From investing (38%) to purchasing a new home (33%) or making a career change (29%), respondents said these are some of the toughest decisions they’ve ever had to make.

Typically, respondents shared they’re more likely to turn to friends/family (54%) or the internet (40%) for advice, as opposed to informational shows (25%) or podcasts (16%). Conducted by OnePoll on behalf of Atom Finance, a global investment intelligence platform for enterprises, the survey found that 71% said even when they do their research, they worry about making the wrong decisions.

Money may be on respondents’ minds, with three in four sharing that one of their goals is to educate themselves about important decisions they’ll have to make when it comes to their money (76%).

And when it comes to investing their money, seven in 10 admit they’re intimidated.

When they hear the word investing, respondents said they’re interested (35%) and inspired (27%), but also nervous (27%).

While a fifth of Americans revealed they feel unknowledgeable about investing (21%), more than half believe that they are (57%).

And respondents followed through, with 61% correctly identifying the definition of “asset allocation” and a similar percentage accurately defined what a “bid” is (62%).

However, there’s still more to learn for the 45% who misidentified what a “dividend” is and 43% struggled to name an “ask.”

“Everyone deserves easy access to tools and resources necessary to make well-informed financial decisions,” said Atom Finance founder and CEO Eric Shoykhet. “We’re on a mission to address the information gap we know many people experience when trading stocks and partnering with enterprises of all sizes to deliver engaging and helpful investment intelligence that lead to successful investor outcomes."

Fifty-four percent have already taken a chance and invested their money in stocks before.

Those who haven’t said they’ve tried to grasp investing, but can’t seem to figure it out (50%), or have just put it off for a long time (50%).

Other respondents haven’t invested because they think the market is too risky (57%), or because they don’t know what stocks they should invest in (22%).

For some, it’s even harder than it looks – on average, people who have invested have lost money through an investment four times, and 80% of these respondents said it’s hard for them to trust their own judgement after losing money.

“Individual investors often aren’t sure where to turn for information they can understand, and importantly - trust,” said Wendy Ivanoski, chief operating officer at Atom Finance. “Every business and every vendor wants to build deeper connections with their clients; they want to offer solutions that support confident investing, especially during periods of extreme market volatility. Resources like investment intelligence platforms help solve those problems seamlessly, by putting institutional-grade investment research tools and data in the hands of the investor, for decisions of any size.”

WHO DO YOU TURN TO FOR ADVICE WHEN MAKING MAJOR DECISIONS?

  1. Friends/family – 54%
  2. The internet/research – 40%
  3. Industry professionals – 28%
  4. Informational books – 26%
  5. Informational videos/TV shows – 25%

Previous Post

4 in 10 couldn’t imagine not being able to buy staple fruits and veggies in their local store

Next Post

More than 2 in 5 would change plans so their pet could be included

Next Post
More than 2 in 5 would change plans so their pet could be included

More than 2 in 5 would change plans so their pet could be included

Popular stories

  • The top 10 holiday gifts most people repeatedly give and get every year

    The top 10 holiday gifts most people repeatedly give and get every year

    0 shares
    Share 0 Tweet 0
  • Here's what your side of the bed says about your personality

    0 shares
    Share 0 Tweet 0
  • These are the most popular jobs kids dream of doing when they grow up

    0 shares
    Share 0 Tweet 0
  • Employees typically feel dissatisfied after this long in the same role

    0 shares
    Share 0 Tweet 0
  • Young Americans Lack Key Social Skills, Avoid the Phone, and Fear Small Talk

    0 shares
    Share 0 Tweet 0
digitalhub US

SWNS Media Group is a leading daily news provider to national newspapers, national/international digital news sites, blogs, social communities and commercial news channels. To gain unlimited access to the SWNS digital hub and receive auto-update emails every time new content is added, all you need to do is register to be a user.

Follow Us

Browse by category

  • Health & Nutrition
  • Science & Technology
  • Lifestyle
  • Family, Parenting, and Children
  • Work & Careers
  • Business & Money
  • Food & Drink
  • Entertainment & TV

Content

  • Home
  • The digitalhub
  • Archive
  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 SWNSdigital

No Result
View All Result

© 2021 SWNSdigital

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. However you may visit Cookie Settings to provide a controlled consent.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
AWSELBsessionAssociated with Amazon Web Services and created by Elastic Load Balancing, AWSELB cookie is used to manage sticky sessions across production servers.
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie records the user consent for the cookies in the "Advertisement" category.
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
CookieLawInfoConsent1 yearCookieYes sets this cookie to record the default button state of the corresponding category and the status of CCPA. It works only in coordination with the primary cookie.
JSESSIONIDsessionNew Relic uses this cookie to store a session identifier so that New Relic can monitor session counts for an application.
lvapp_session6 hoursLinkedin sets this cookie to allow the forms to function within the website.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
XSRF-TOKEN6 hoursWix set this cookie for security purposes.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
swpm_sessionsessionThis cookie is set by the Simple WordPress Membership Plugin. This cookie is used for membership login session and to provide access to the protected content on the website.This cookie keeps the login records so user don't want to authorise each time while moving to next page.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
CONSENT2 yearsYouTube sets this cookie via embedded YouTube videos and registers anonymous statistical data.
_ga1 year 1 month 4 daysGoogle Analytics sets this cookie to calculate visitor, session and campaign data and track site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognise unique visitors.
_gat_gtag_UA_*1 minuteGoogle Analytics sets this cookie to store a unique user ID.
_ga_*1 year 1 month 4 daysGoogle Analytics sets this cookie to store and count page views.
_gid1 dayGoogle Analytics sets this cookie to store information on how visitors use a website while also creating an analytics report of the website's performance. Some of the collected data includes the number of visitors, their source, and the pages they visit anonymously.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
idsessionSet by Google DoubleClick, this cookie is used to create user profiles to display relevant ads.
muc_ads1 year 1 month 4 daysTwitter sets this cookie to collect user behaviour and interaction data to optimize the website.
personalization_id1 year 1 month 4 daysTwitter sets this cookie to integrate and share features for social media and also store information about how the user uses the website, for tracking and targeting.
test_cookie15 minutesdoubleclick.net sets this cookie to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysYouTube sets this cookie to measure bandwidth, determining whether the user gets the new or old player interface.
YSCsessionYoutube sets this cookie to track the views of embedded videos on Youtube pages.
yt-remote-connected-devicesneverYouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt-remote-device-idneverYouTube sets this cookie to store the user's video preferences using embedded YouTube videos.
yt.innertube::nextIdneverYouTube sets this cookie to register a unique ID to store data on what videos from YouTube the user has seen.
yt.innertube::requestsneverYouTube sets this cookie to register a unique ID to store data on what videos from YouTube the user has seen.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
aff1 monthNo description available.
jnews_view_counter_visits[0]less than a minuteDescription is currently not available.
sitesessionDescription is currently not available.
Save & Accept
Powered by CookieYes Logo