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IRISH INVESTORS ARE now positive about Ireland’s future, according to RaboDirect’s Investor Barometer.
The measure, which has been tracking investor sentiment since April 2010 has, for the first time, recorded a positive in this regard.
The barometer is based on the responses of 413 RaboDirect customers who held investment accounts as of January 2013.
(Investor sentiment as per the RaboDirect Investor Barometer – Zero to 100 signals a negative sentiment. 100 to 200 signals a positive sentiment.)
The results also showed that 55 per cent of people were confident about the outlook for the Irish economy over the next three months.
There was a greater confidence shown (at 64 per cent) in relation to the global economy over the same three month period.
Financial situation
When asked whether they were confident about their own financial situation over the next three months, 76 per cent were, a drop of two percentage points on last September.
While their own personal confidence dropped slightly, 80 per cent of investors responded that they saw value in holding stocks, compared to 72 per cent in September 2012.
Assets
Where assets were concerned, the preference of respondents were as follows:
Preferred markets to invest in
When asked where investors were most likely to invest, the breakdown was as follows:
While noting the upbeat nature of Irish investor confidence, investment manager at RaboDirect Killian Nolan said that “ongoing austerity measures in Ireland are taking their toll in terms of how investors view their personal finances”.
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Good news just keeps coming fair play to enda he is actually doing a great job and we will only see it when he’s gone.
Paul
Wait till you see the onslaught . They’re not out of bed yet!
Im expecting it dont worry should come soon enough its nearly 12 between then and 1 they usually scrape themselves out of bed.
They’re waiting for instructions from Gerry as to what to say.
hahaha
Larry Curley and Mo
three wise men
not!
keep smoking..
Lol I’m sure investors are upbeat about investing in Ireland….. Sure it must be the only country in the world where you win even though you lose!
Let see how he does on the March repayment. Getting close now !
Rabo Bank the owners of ACC bank.
The ACC bank that just downsized its Irish branch network to virtually nothing.
The ACC bank that (according to its employees) is no longer doing loans in Ireland and is in fact very eager to call in its entire Irish loanbook and get out.
Strange??
Absolutely not… Yes I think Europe has pulled back from the brink (largely helped by the faceless and unaccountable marketeers, who ruined us in the first place but who decided arbitrarily overnight in late July not to bring down the Euro) but until and unless the fundamental problems are addressed, it can only be a very temporary reprieve and insecure.)
And the fundamental problems … The unaccountability of the markets who can overnight undermine a nation’s prospects, the inability of politicians to recognise their relative impotence or take decisive action and more locally – the widening gap between costs and income, the dogged resistance of everyone to accept the debts are too large to ever be paid and the enormity of the gap between national income and expenditure.
Nonsense, countries undermine themselves and the market only reflects that in numbers.
If countries ran their finances properly they wouldn’t need to rely on the markets in the first place.
David you clearly have no idea how a country finances itself.How are large infastructure projects funded?where the annual income would not be enough.Borrowing,same as an ordinary person getting a mortgage.
The markets have no problem with prudent borrowing on a sustainable scale, but when they see crazy stuff going on, numbers not adding up & politicians saying black is white then they move.
The answer is not to give them easy targets to shoot at.
or maybe we are going through a bond bubble with ecb money. what happens if michael hasenstab decides to dump all in the morning. even if we borrwed money at german levels we will never be able to repay our debt. default is inevitable. the only answer is when…
So called scam bank deal for march will be a watershed for this lackey government. If nothing is agreed the chances of ever getting out of this mess disappear for a timeframe like Japan of 20 years stagnation.some economists now calling for withdrawal from the EURO like Colm McCarthy mr Bord snip Nua and cormac Lacey previously championed euro membership. garda unions withdrawal from Croke park shows a scary vista about to be unleashed.
I hate to be the bearer of bad news, but we have a hell of a long way to go before we return to anything like normality. No growth! Not GDP growth. We need GNP growth. It’s flat. With more austerity coming down the track the prospects are sad. The government can spin all they like ,but reality paints a different picture. It’s going to get a lot tougher for citizens of this not so free state.
spot on Karl,
if we don’t, and with this current crowd we won’t get a deal on debt we are in for decades of pain,
europe will have moved on and we will be debt slaves, but not to worry enda has told the rest of europe we are just fine.
going by the weekends headlines even gilmore is getting a bit worried,
shock horror!
have your say