Older investors are doing it on the web
By Tony Watts - Editor - 09/10/2007
The nation’s silver surfers are now a force to be reckoned with, as techno-savvy older people increasingly take control of their own financial destiny, according to investment comparison website Moneyspider.com.
Over half of the 5.25 million UK silver surfers are now researching their financial and investment options through sites like Moneyspider.com. And the data research company predicts that this figure will rise sharply over the next few years as more people gain access to the internet - and grow in confidence in using it for a wider range of purposes.
35% of the 15 million people aged 55 and over are using the net on a weekly basis, according to the Office of National Statistics, 2007. And internet banking, financial product comparison tools and information on funds, shares and savings are at the top of the surfing list of the senior citizens who own over two-thirds of the nation’s personal wealth.
Moneyspider.com, which compares the performance of all 2,000+ investment funds and provides unique fund ratings and sector comparison tools, is updated daily and is proving a popular website with over-55s internet users.
“Many of our members have the time to keep a much closer eye on their investments’ performance and ratings,” says Moneyspider.com Director Tony Ahearne. “In fact, many of our older members check their funds on a daily basis.”
The Moneyspider Rating site measures the performance of each individual fund over one, three and five years against all funds, other funds in the same sector, the movement of the FTSE100 and how cash invested in a high interest account would have fared.
More on moneyspider.com on the site linked below.