Mind & Money: how Covid-19 could change your investing behaviour
In the first episode of a new series, Becky O’Connor is joined by a behavioural finance expert.
27th January 2021 08:55
by Rebecca O'Connor from interactive investor
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In the first episode of a new series, interactive investor’s Becky O’Connor is joined by Greg Davies, behavioural finance expert at Oxford Risk.
Highlights
01:55 – How the experience of living through the Covid-19 pandemic might affect our behaviours and will this affect what we do with our money now and in future?
08:29 – Our individual responses depend on our life circumstance. For example, mothers are more likely to focus on long-term financial security, wealthy investors will react differently to those with fewer assets, while older people are likely to react differently to younger people.
11:31 – How the pandemic could change what we invest in, for example, increase the demand for more positive impact investing.
18:21 – Savers who have upped their pension or ISA contributions will likely go back to spending once the pandemic and its restrictions are over.
20:56 – Tips to avoid emotional, short-term investing decisions.
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