Blog Article

UK investors willing to spend less to invest more

UK investors willing to spend less to invest more

Date: 18 November 2021 | By: cosgrove

When spending opportunities fell during the pandemic, many people increased their investment contributions with UK investors willing to spend less to invest more. Now, travel, leisure and
hospitality spending are recovering, but the investing buzz looks set to continue.

Don’t stop investing
A poll6 has revealed that 76% of UK investors plan to keep their lockdown habits now restrictions have eased. Notably, half of respondents will reduce everyday spending so they can continue investing the same amount or more. On average, investors intend to contribute 19% more each month than during
lockdown. This figure is even higher for younger generations (36%). In contrast, just 6% plan to reduce their contributions.

Generational shift
The pandemic spawned a new generation of investors. Some analysts assumed this was a temporary craze, but these findings seem to indicate a more permanent shift in the UK’s attitude towards investing. People are willing to spend less to invest more. The recent rise in investing is also aided by the backdrop of rock-bottom interest rates.

Get started on your investment journey
While it is never guaranteed, investments have historically delivered better returns than savings over the long term. We can build a diversified portfolio aligned to your risk profile.  In a constantly changing pensions and investment environment, you need to carefully consider spreading investment risk, managing a balanced portfolio and think about taxation issues and implications both for personal and corporate finances.

Wealth Management

Cosgrove Brown Financial Planning works closely with Discretionary Fund Managers (DFMs) for assets in excess of £500k and work for you with specialist professionals such as solicitors, accountants and care providers to give wealth management advice and support on issues such as succession planning, long term care and power of attorney.

If investment decisions leave you in two minds ……it’s time to put our heads together.

6Barclays Smart Investor, 2021

Source: Quilter Essentially Wealth Q4 2021