Profits in pandemic for first-time investors

A new report has revealed that first-time investors here in the UK aged under 24 have enjoyed the best returns on their investment during the recent pandemic.

The study showed that British investors who were aged between 18 to 24 had outperformed every other age group in this time period. Since the pandemic began, the group had enjoyed a 22.8 percent return on their investments. Investors in the age brackets 24 to 34 and 25 to 44 were not far behind the youngest group of investors, however, experiencing returns of 20 percent and 19. 2 percent in the two years of the pandemic.

British investors of all ages and levels of experience seeking financial advice in Chester, Birmingham and other UK cities often look to wealth managers for guidance. Experts in investment portfolio management, they help clients achieve their financial ambitions by assembling different assets to offset risk and foster returns.

The recent study involved data drawn from an investment platform and cross-referenced performance in terms of age group against the performance of the average fund. It discovered that all three of the aforementioned age groups bested the average customer investment portfolio return for the same term, estimated at 14.5 percent.

By comparison, the research uncovered that significantly older investors – in the over 65 bracket – returned around 12.3 percent in the two-year period, and in most cases were more likely to select individual stocks, such as those in the healthcare sector, like AstraZeneca and GlaxoSmithKline.

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