Milton Keynes, England -- (SBWIRE) -- 11/12/2010 -- Press Dispensary - Personal investors in the 50+ age group are en masse telling their pin-striped city advisors “you’re fired” and taking on their portfolios themselves. This is the headline finding of the 2010 fintrader.net (http://www.vincestanzione.com/) annual investor survey. And the reason for their revolt? Too many years of near-zero returns and a growing confidence that they can do better on their own.
“The number of 50+ investors who are shouldering their own risks is notably on the rise.”
Vince Stanzione, Stanzione Forex, Finbets - The findings of the survey, now in its sixth year, were unveiled today by financial trading coach and author Vince Stanzione, of fintrader.net, who has been teaching private investors to trade for more than 13 years and has seen a massive surge in new students from the 50+ age group over the last 12 months.
“The biggest trend I’ve seen this year is a move by the over 50s away from advisors and their high fees towards self-managed investments, with an appetite for higher risk strategies,” says Stanzione. “The number of 50+ investors who are shouldering their own risks is notably on the rise.”
“I’m teaching investors how to profit from both bull and bear markets across the globe and not just focus on the FTSE100 or S&P500.”
Vince Stanzione, Stanzione Forex, Finbets - Fintrader.net reported a year ago that, in Financial Spread Betting, the over 50s are by far the most successful, profitable traders and investors. Its five year survey divided 1000 investors into three age-based groups, with the 50+ group performing 25% better than the 30-50 group and a full 40% better than the 18-30 group, busting the myth that risk and results are the stuff of youth.
The 50+ success was partly because older investors took more calculated risks for higher returns than the 30-50 group, often favouring commodities and commodity companies, notably in gold, crude oil and silver.
“Our 2010 results reinforce what we discovered in 2009,” reports Stanzione, “but the change over the last year is the increasing number of over 50s coming into the self-managed market.
Vince Stanzione has produced a home-study course to teach private investors how to benefit from trading financial spread bets and fixed odds. For more details, visit http://www.vincestanzione.com/
Vince Stanzione is a self made multi-millionaire based in Europe. Started at a junior at the age of 16 for Nat West Foreign Exchange in London he worked his way up in before leaving to start up his company. He has been involved in various companies including mobile communications, premium rate telephony, Interactive gaming, publishing and television and financial trading. He now lives most of the year between Spain and Monaco and trades his own funds mainly in currencies and commodities. As well as trading he also teaches a small number of students and produced the best selling course on Financial Spread Betting. He is also the author of “How to Stop Existing & Start Living” to learm more go to http://www.vincestanzione.com/