Young savers in Sweden act on Donald Trump’s play
Tulloro, stock market case, interest chaos and recovery. There has been a great deal of turbulence in the financial markets since Donald Trump took over as president of the United States on January 20 this year.
An example of the mood is the recent days’ play in the trade war with the EU. Last Friday the president assumed the US to introduce 50 percent customs duties Against the EU from June 1st. On Sunday, the message came that the deadline Extended to July 9.
The result for the Swedish stock exchange shows a minus of just over 4 percent for the broad index during the period. On Monday, however, it was vigorously up on the Stockholm Stock Exchange.
The heavy swings seems to have affected young people’s attitude to savings.
A total of 48 percent say they changed their speech behavior after Donald Trump returned as president. It shows a survey conducted by the bank SEB.
Of those who have made changes, 46 percent say they increased their savings in a bank account. At the same time, 44 percent say they follow the stock exchange and their holding more often than before and 15 percent to sell securities more often than before.
For those who are more risk -prone, 23 percent have stated that they are starting to buy more securities more often and 21 percent that they save more in investment savings account, ISK.
– It was a bit surprising that so many young people actually act in one way or another because of this turmoil, says Américo Fernández, private economist at SEB.
He compares to how savers Acted during the pandemic as it was also messy in the stock markets.
– Then many young people sold most of their holdings and left the stock exchange. It is the absolute worst thing you can do in uncertain times. Now we see a little more tendency to follow safely and act more carefully, says Américo Fernández.
It is also possible to see differences between how young men and women act. Women were over -represented with 60 percent in the group who sat still in the boat and did not act.
In the group that acted, it was more common for women to apply more for safer savings forms, while men are more acting more on the stock exchange, according to the survey.
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