Survey finds Sharesies investors hold long term
In the final Aussie Sharesies investor survey for 2022, there’s no escaping the fact this year has been a bit of a rollercoaster.
We surveyed over 1,600 Aussie Sharesies investors and, in summary, we found:
60% of those surveyed said spending on day-to-day living is the top priority
interest in property continues to fall, down to 15% in November from 37% in May
Aussie Sharesies investors are still feeling positive about their long-term investing horizon
73% say that socially responsible funds are guiding their investing behaviour
69% say they are investing for the long term.
Keeping an eye on spending
In the mid-year survey, spending looked like it was getting back on track after the pandemic. Aussie Sharesies investors told us that they were planning to spend big on holidays and travel, now that the world was opening up.
As the war in Europe created political and economic instability, the lockdown in China disrupted supply chains. On top of that, rising inflation saw an increase in the cost of living, and a reduction in disposable income. It appeared that people were starting to tighten their belts.
It’s not surprising then that spending on day-to-day living took the top priority in our most recent survey (60% in November vs 42% in May) while saving for the long term came in as a close second.
Despite this cautious approach to spending, most Aussie Sharesies investors said they are still feeling positive towards investing—feeling excited, empowered, secure, and more in control.
And with rising inflation and interest rates, getting on the property ladder took a big tumble in November (15% in November, down from 37% in May).
Investing habits
As socially responsible funds grow in popularity, we’ve added questions related to this sector. The majority of Aussie Sharesies investors (73%) think it’s important to invest in companies that are classified as socially responsible, with women outnumbering men a close 2 to 1 in this regard (47% vs 25%).
Risky business?
There’s been very little change over the year in risk and confidence. Most Aussie Sharesies investors are sticking to their long-term plans, using investing strategies like dollar-cost averaging. 69% of Aussie Sharesies investors said they’re playing the long game, looking to be investing for 10 years or more.
What’s your choice?
In terms of investing categories, property is still a popular choice for Aussie Sharesies investors, more so with women (57% vs 41%). Looking towards the next six months, this sector is losing a little of its shine with women (52%) but increasing for men (47%).
Wrapping up
Despite the share market volatility, we saw that 63% of those surveyed are sticking to their investing strategy. Our next survey may show something completely different, especially if economic uncertainty continues.
In the meantime, check out our mid-year survey and one from earlier in 2022. We'll be back with more results and insights early next year.
Until then, we'd love to hear how you found these results and if they match your behaviour in the current market. Ping us on Facebook, TikTok, or Instagram, and look out for our next survey in your inbox if you'd like to take part.
Ok, now for the legal bit
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time written. You should consider seeking independent legal, financial, taxation or other advice when considering whether an investment is appropriate for your objectives, financial situation or needs.
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