Confidence remains in investment portfolios
The survey showed that nearly two-thirds of Americans remain committed to their current portfolio. Only 8 percent of investors have considered making changes to their investments in the current market. The study included 1,000 respondents, and showed that nearly one in 10 respondents plan to invest more money in the stock market because of recession fears, but an equal number said they plan to invest less.
"Investors seem to be more stable than the market," said Alan Skrainka, chief market strategist at Edward Jones. "It's encouraging to see that Americans, particularly those close to retirement, know that investing for the long term can help you ride out the inevitable ups and downs of the stock market."
The age of the investors also played a role in responses: 70 percent of respondents who were older than 65 planned to make no changes compared with 48 percent between the age of 18-24.
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