Community reaction to Rachel Reeves's financial plan revealed skepticism towards investing in the stock market, especially among older individuals. Many feel comfortable with fixed-rate savings and believe the risk of investment is unnecessary. Experiences with underperforming stocks lead to concerns about market downturns and recovery time. Some commenters suggest that younger savers could benefit from investing if they receive proper guidance, acknowledging varied opinions on financial advice access and investment strategies for different age groups.
Many commenters questioned the wisdom of urging people into the stock market, arguing that fixed-rate savings accounts and tax-free ISAs already offer attractive returns of 45 per cent, with none of the potential losses.
Others pointed to personal experience with underperforming stocks and shares ISAs, noting that at a later stage in life, there simply isn't time to recover from a market downturn.
A few acknowledged that younger savers with time and discipline could benefit from regular investing, provided they get the right guidance.
Investment products are not for everyone, especially people who cannot afford top-end financial advice, which costs too.
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