Finimize: Following Year of Uncertainty, Retail Investors Hold on to Cash Ahead of Optimistic 2024

LONDON--(BUSINESS WIRE)--Financial information platform Finimize’s latest quarterly Modern Investor Pulse of 2,373 retail investors, in partnership with IG, points towards latent investment trends within the retail investor community, following a year in which global uncertainty led to over 50% holding back on investing and increasing their cash position.

The majority (78%) expect interest rates will decrease or stay stable; 73% predict the global stock market will be up in 12 months (up from 67% last quarter).

40% plan to invest more in the next three months, and the majority will be taking the same risk next year, 19% say they’ll take more.

Retail investors are continuing to oversee their investments - over 73% manage their own portfolio and over 60% use more than one app to do so.

Max Rofagha, Founder & CEO of Finimize said: “This year we’ve seen experienced retail investors taking a more cautious approach to their investments, keeping hold of surplus cash. However when the market stabilises they’re planning to invest more. If 2024 offers stability, it could be a record year for retail investor participation.”

Chris Beauchamp, IG’s Head of Market Analysis said: “2023 was the year of surprises for professional and retail investors given the much-predicted recession failed to arrive. Now that central banks appear to be on a glide path to cutting rates next year, we can look forward cautiously to a period of better economic growth that should support global stock markets in the first half of the year. Having been such a tech-driven rally this year, perhaps 2024 will see other sectors play catch-up too.”

About Finimize

Finimize is a platform that empowers retail investors with bitesize insights by world-class analysts with over 1m subscribers to the newsletter and mobile app. Last year Finimize launched Finimize for Business, a platform that helps 300+ financial institutions engage modern investors and create content that boosts engagement, revenue & retention.

About IG

IG is a leading global retail trading and investment platform on a mission to power the pursuit of financial freedom for the ambitious. Established in 1974, IG has a long history of innovating to meet market needs and to best serve customers. IG takes steps every day to equip ambitious and self-directed individuals with the tools, know-how and confidence to navigate financial markets.