Investor confidence is at its lowest point since the fourth quarter of 2016, according to the Wells Fargo/Gallup Retirement Optimism Index
. The index fell to 72 – down from 85 – as a result of polling in early August.
The report cites China trade and tariffs, currency fluctuations and bond yield curve among investor concerns about the stock market.
“Even before the volatility of the past two weeks, investors were rattled by the market decline at the start of the month, including a nearly 800-point drop in the Dow at the start of the survey period,” Andy Byer, head of Client Service and Advice for Wells Fargo Advisors, explained in a statement.
Other Options for Investing
Investors who fear an uncertain future for the stock market may be seeking ways to diversify their portfolio. One option is to invest in alternative assets with a self-directed IRA.
With a self-directed IRA or other retirement account, it’s possible to invest in an array of assets, including real estate, tax liens, private equity, and even cryptocurrency in addition to stocks, bonds and mutual funds. The IRS provides a list of assets your IRA cannot invest in – this and other information can be found in IRS Publication 590.
A desire to invest beyond the stock market is what led Equity Trust client Mark
to turn to self-directed investing. By Investing in real estate in his IRA, he was able to earn more than 40 percent in profits, tax-free, in just over 16 months. Mark took control of his own financial future rather than leaving it in the hands of the uncontrollable factors that sway the stock market.
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