SEOUL, South Korea, Sept. 29, 2017 /PRNewswire/ — Hollis Kookmin Financial interviewed its private and corporate clients and found that 63% of its investors predicted a stock market decline. Even so, this looks a bit more optimistic than previous survey peaks at 47% in 2014 and 54% in 2015.
Despite the strong bearish sentiment, only 30% of the respondents said that they were ready to go short. Also, only 20% stated that they were planning to purchase bonds to mitigate the risks associated with the stock market.
40% of the investors at Hollis Kookmin Financial said that they didn’t intend to make significant moves in their portfolio, and almost half of them stated that they were activating without an adviser or account manager.
The poll was conducted by phone, and over one thousand investors were involved. Only investors with at least $50,000 in shares, bonds, or funds were considered for the survey.
Analysts say that investors may become overconfident after the extended periods of bullish trends when stock indexes updated the records again and again. Based on large timeframes, the bullish sentiment goes on for over eight and a half years, which is the second-longest period since WW2. Some experts agree that a breakdown should be close in this situation.
According to Oliver Hunter, the Director of Corporate Equities at Hollis Kookmin Financial said, “Long-lasting bulls can generate overconfidence and complacency among investors, which distorts their ability to react appropriately to market corrections.“
“It is well-known that investors tend to overestimate their risk tolerance, and this is even more evident when the market does well,” also added Head of Mergers & Acquisitions, Harvey Fletcher at Hollis Kookmin Financial.
Investors seem to not worry about the possible correction as 61% of them said that now it was an opportune moment to invest in stocks.
About Hollis Kookmin Financial
Hollis Kookmin Financial offers wealth management solutions to individuals, corporate companies and other entities around the world. Our extensive network is formed from the head office, located in Seoul, South Korea and our retail operation is located in Montreal, Canada.
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