Market corrections worry 74 percent of U.S. investors, yet a study from Global Atlantic Financial Group revealed that 35 percent of investors were unsure of where to put their assets if they felt it necessary to pull them out of the stock market.
Global Atlantic, an independent firm, partnered with global market analytics firm Ebiquity to survey 1,005 American investors who were 40 years old and older during the last quarter of 2017.
According to the study, 59 percent of working investors were concerned that a significant stock market drop would prevent them from retiring when they planned, while 25 percent of retired respondents worried it would disrupt their retirement.
Although more than one-third were unsure how to manage money from a cash out, many respondents did have ideas on what they would do with money pulled from the market. Forty-four percent said they would consider purchasing interest-bearing investments to be more conservative, 19 percent would purchase an annuity, 13 percent would retain cash in a savings or money market account, and 9 percent would buy gold.