Self-employed people are the most dedicated investors
Self-employed people invest more than people who are employed by companies, with Reading boasting the highest number of active investors.
According to a new report from the HL Savings & Resilience Barometer, produced with Oxford Economics, 36.9 per cent of self-employed people are active investors, compared with 33.5 per cent of company employees.
A separate piece of research from CMC Markets found that people in Reading were the most engaged investors, followed by people living in Bristol, London and Manchester.
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CMC analysed the number of investment-related search terms across the most populated areas of the UK, to determine which areas are most interested in investing.
It found that the population of Reading searches for terms related to investing approximately 1,613 times monthly per 100,000 people.
Meanwhile, Emma Wall, head of investment analysis and research at Hargreaves Lansdown said that it was a “heartening surprise” to learn that self-employed people are more likely to invest, especially those that work part-time or on a contract basis.
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“While markets may be in turmoil right now, investing is the best way to secure your long-term financial goals, such as an income in retirement,” Wall said.
“Over a multi-decade timeframe, the stock market will far outperform cash savings. The self-employed are less likely to qualify for a state pension – unless they opt to contribute national insurance – so securing their own financial futures is imperative.”
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