42% of investors plan to increase investment during 2019

Some 42% of investors plan to increase the amount they invest during 2019, despite economic uncertainty, according to research conducted by Kuflink.

The study by the P2P lending platform also found that 49% of investors planned to invest the same amount as previously.

Almost half of investors surveyed (47%) had been investing for less than two years.

Over a quarter (26%) revealed that their primary reason for investing was to supplement their savings.

Other factors included planning for retirement (24%) and to supplement income (21%).

Two-fifths of respondents invested between £1,000-10,000 a year with 48% committing funds on a monthly basis rather than in a lump sum.

When choosing how to invest, the most popular criterion was rate of return (83%), followed by risk involved (68%) and company reputation (60%).

Narinder Khattoare, CEO at Kuflink (pictured above), said: “Thousands of people across the UK are waking up to the fact that they don’t have to leave their money to stagnate in a savings account, earning rates well below inflation and actually losing value.

“Gone are the days when you needed to be a finance expert to earn decent returns on your money – now all you need is a computer, a few spare minutes to sign up and £100 first-time minimum investment.”

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