Investors mood is improving

The fear and confusion that tormented American investors after the financial crisis struck in 2008 has in many cases given way to cautious optimism and a more disciplined approach to handling money, a survey by Fidelity Investments has found.

Investors have stashed more money in retirement plans — until recently, bond funds were the big winners — along with paying down debt, according to the survey from the big mutual-fund company.

Two-thirds of the 1,154 respondents reported being scared or confused in the aftermath of the crisis, Fidelity said. Nearly half said their household assets dropped significantly, with an average decline of 34 percent. One out of 6 heads of households lost their jobs, and one in three families experienced a large drop in income.

Despite that turmoil, 56 percent of the investors said they were no longer so fearful and have made positive changes in their financial mind-set and behavior. Well over half said they feel better prepared for retirement than they did before the crisis.

“Emerging from the depths of the crisis, many investors found resolve and started taking control of their personal economy,” said Kathleen Murphy, Fidelity’s president of personal investing. “The silver lining of this crisis is that it spurred investors to reassess and take action to improve their finances.”

The survey was conducted by the firm GfK, which interviewed 1,154 participants over the Internet. Participants were required to be at least 25 and financial decision-makers for their households. They also had to own investments other than a bank savings account or certificate of deposit.

—-

&Copy;2013 Los Angeles Times

Visit the Los Angeles Times at www.latimes.com

Distributed by MCT Information Services

More in Herald Business Journal

Best foot forward: Ferndale company to make custom shoes easy

Long specializing in insoles, Superfeet is putting 3-D machines in stores to make customized shoes.

Does a hypersonic US reconnaissance plane already exist?

A Skunk Works executive speaks of the top secret aircraft as if it is already in operation.

Alaska Airlines has selected destinations for new service from Paine Field. (Alaska Airlines)
Alaska Airlines will fly from Everett to 8 West Coast cities

Two destinations that didn’t make the list were Spokane and Hawaii.

Port of Everett CEO Les Reardanz has been called up and will be spending much of the year away from his office. He is going to Afghanistan. (Dan Bates / The Herald)
Port of Everett CEO reporting for duty — in Afghanistan

Les Reardanz has been called to active duty with the Navy for an eight-month deployment.

Boeing opens new $17 million training center in Auburn

Workers and dignitaries marked the grand opening of the facility Monday.

Trump’s company fights efforts to shed the president’s name

“Our homes are worth more without the Trump name.”

Airbus floats shutdown of A380 superjumbo

The aircraft is so big that some airports had to expand runways to accommodate the 550-seat plane.

Amanda Strong (left) tries on an Angel of the Winds Arena hat as she and Courtney Brown hand out gift bags after the renaming ceremony Dec. 13 in Everett. The new name replaces the Xfinity name. (Andy Bronson / Her file)
Angel of the Winds to break ground on $60M casino expansion

“We think we’re on the cusp of becoming a major resort.”

Why 7-Eleven, inventor of the Slurpee, is going organic

As sales of gas, cigarettes and soda plummet, stores to offer “better-for-you” products.

Most Read