Less than half (45%) indicated they have become more knowledgeable about their investments since the financial crisis began roughly two years ago, according to a Schwab press release.
In addition, the survey found that only 31% of respondents claimed they speak with their broker or financial adviser on a regular basis, while 36% indicated they do not know which mutual funds they own.
“When market volatility occurs, it presents a great opportunity for individuals to increase their levels of engagement in how they manage their investments,” said Peter Crawford, senior vice president for investment management service at Charles Schwab, in the press release.
The Charles Schwab Mutual Fund Survey is based on responses of 602 mutual fund owners age 18 and older, and was conducted by Kelton Research in April 2009.
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