Christmas influences 37 per cent of P2P portfolios
MORE THAN a third (37.2 per cent) of European peer-to-peer investors have said that Christmas influences their portfolio decisions.
According to a new survey by Croatia-based P2P platform Robo.cash, 23.8 per cent of these investors use the Christmas period to review their portfolios and increase the volume of funds.
8.2 per cent said that they try new types of investments during the holidays, while 12 per cent of the investors surveyed said that they redistribute the funds in their portfolios during Christmas time.
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Just 5.2 percent of the 440 investors surveyed said that they tend to withdraw either their earned interest or capital during the winter break.
Robo.cash analysts suggested that experienced stock market investors may be more likely to increase the size of their P2P portfolios before Christmas.
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“In November and December, many companies receive higher profits due to the increased consumer demand before the holidays,” the analysts said. “As a rule, this causes stock markets to grow before Christmas, so the investors review their portfolios and increase the funds to receive bigger profits.
At the same time, the desire to try something new in the Christmas period, including other types of investments, may be fuelled by the holiday spirit. Besides, before the new year, investors usually have more spare time, which they can spend to study new assets.”
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