Reallocating more assets to fixed income or moving more assets to mutual funds or managed accounts were the most common activities: 28% of investors reported moving more money into bonds or CDs following the aftermath of the recession, while 23% reported moving their money to mutual funds or other managed investment products.
A press release said seeking the help of financial professionals is also increasingly important to respondents, as nearly one quarter (22%) of investors report relying more on a professional investment adviser following the recession.
Between the se.xes, men proved to be particularly impacted in terms of risk tolerance compared to their female counterparts:
- 33% of investors who moved more money into bonds or CDs following the recession were men, compared to 21% of women;
- 25% of male investors report relying more on a professional investment adviser following the recession compared to 18% of female investors;
- 27% of investors who moved their money to mutual funds or other managed investment products following the recession were men, compared to 18% of women; and
- 35% of male investors report being more selective in the stocks they buy following the recession compared to 24% of female investors.
However, according to the press release, male investors have not been discouraged by the markets. The number of men who reported investing new money in the stock market following the recession (20%) is twice that of women who reported the same (10%).The survey was conducted online by Harris Interactive on behalf of TD Ameritrade Holding Corporation among 1,088 adults between 22 and 80 years old from September 28 through October 19, 2010.