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Biggest motivator for investing is a ‘flexible lifestyle’
Chasing a flexible lifestyle is the number one reason for investing or trading in the stock markets according to research carried out for Financial Technology group, ayondo.
In a survey of UK equity investors, 60% claimed that the main reason for dipping their toes in the markets was the opportunity to generate a secondary source of income or to make money to allow for a more flexible working life. This chimes in with recent research which showed that 87% of the UK’s full-time workforce either have a flexible work life or would like to have so.[1]
The research also found that the motivation for investing varied between men and women. Whilst 35% of men gave the ‘excitement’ factor as their motivator to invest or trade, in comparison, only 18% of women cited the same motivation.
In fact, female investors and traders were more likely to be motivated by rational led reasons. For example, a quarter of women said they were driven by the idea that success in the stock markets feels like money for nothing, whilst only 19% of men were of the same view.
Participants in the study were also asked what they felt is the most important attribute to becoming a successful market investor or trader. The most popular answer, at 30%, was ‘having a cool head’, followed by good timing (28%) and commitment (13%).
Mita Natarajan, Chief Business Development Officer ayondo says: “We are seeing an increasing number of people look for ways in which they can supplement their income to allow for more flexible working hours and a greater amount of leisure time. One way of making this transition easier is through Social Trading. This allows retail investors to follow Top Traders’ investment moves or signal providers to earn additional income in publishing their trading strategies.”
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Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime
The Investment Association (IA) – the trade body for the UK investment management industry – today launched its ‘UK Crypto Assets Regime: How the investment management industry can navigate new waters’ report, produced in collaboration with Travers Smith.
Redwood Reduces Rates and Increases Loan Limits
Redwood Bank has reduced its interest rates on loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals.
Socotra Becomes First Insurance Core to Release Generally Available AI
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Ledgible, the enterprise digital asset tax, accounting, and data reporting platform, today announced a strategic partnership with Label to deliver integrated CARF (Crypto Asset Reporting Framework) and DAC8 reporting solutions for digital asset businesses.
State Bank of India and MUFG Sign Strategic Partnership to Strengthen India–Japan Financial Collaboration
State Bank of India (SBI), India’s largest commercial bank, and MUFG Bank, Ltd., (MUFG) Japan’s premier global financial institution, today announced the signing of a Strategic Partnership Agreement to advance bilateral financial collaboration and strengthen the India–Japan economic corridor. The agreement aims to enhance mutual collaboration by further leveraging the complementary strengths of both institutions to facilitate cross-border capital flows, create new synergistic financing opportunities and support sustainable economic growth across two of Asia’s largest economies.
Solance Selects SaaScada to Power Next-generation Payments Platform
Solance, a Dublin-based financial institution providing financial services for family offices, corporate service providers and corporates with multi-entity structures, has selected SaaScada to power its new multi-currency payments platform as part of its European launch.
Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime
The Investment Association (IA) – the trade body for the UK investment management industry – today launched its ‘UK Crypto Assets Regime: How the investment management industry can navigate new waters’ report, produced in collaboration with Travers Smith.
Redwood Reduces Rates and Increases Loan Limits
Redwood Bank has reduced its interest rates on loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals.
Socotra Becomes First Insurance Core to Release Generally Available AI
Socotra announced the general availability of Socotra Assistant, a powerful AI underwriting capability built directly into Socotra Operations Workbench
BioCatch unveils DeviceIQ: Redefines how banks evaluate device risk in the AI era
BioCatch, which prevents fraud and financial crime by recognising patterns in human behaviour, today announced the launch of DeviceIQ, a comprehensive new device identification and intelligence product transforming how financial institutions evaluate the trustworthiness of devices used for digital banking.
Ledgible and Label Partner to Streamline Digital Asset Tax Information CARF & DAC8 Reporting and Compliance
Ledgible, the enterprise digital asset tax, accounting, and data reporting platform, today announced a strategic partnership with Label to deliver integrated CARF (Crypto Asset Reporting Framework) and DAC8 reporting solutions for digital asset businesses.