How wise old investors are putting young in the shade
How wise old investors are dwarfing youngsters: Over-65s beat their juniors with a 4.1% return
Older investors have proven that experience pays off, as new data shows that those over the age of 65 have had the highest investment returns over the past two years.
Investors over the age of 65 beat their younger counterparts to achieve an investment return of 4.1 percent between April 1, 2021 and March 31, 2023, according to client data from broker Interactive Investor.
This compares to returns of -1% for those aged 18 to 24, 0.1 percent for those aged 25-34 and 0.8 percent for those aged 35-44.
Experience: Over-65s outperform their younger counterparts to achieve an investment return of 4.1% between April 1, 2021 and March 31, 2023
The 45 to 54-year-olds and the 55 to 64-year-olds returned 1 percent and 1.4 percent respectively.
The over-65s also outperformed younger investors in the year to March 31, 2023, losing -2.1 percent, while those aged 18-24 lost an average of -4.3 percent.
Last year, global stock markets suffered from the war between Ukraine and Russia. Despite earning top returns, even those over 65 would have fared better had they invested in tracker funds, figures show.
Investing in a fund tracking the FTSE All-Share index would have returned 16.3 percent, while tracking the FTSE 100 index, which consists of the 100 largest companies listed on the London Stock Exchange, 22, would have yielded 3 percent.
l.purkess@dailymail.co.uk