From March 8 until today we ran a survey asking visitors to this blog whether, with respect to doing their own in investment research, they planned to (1) behave as they had in the past, (2) do more investment research than the had in the past, but continue to rely on their investment advisors just as they previously had, (3) do more investment research themselves, and rely less on their investment advisors than they previously had; or (4) not invest in the equity markets at all.  38 people completed the survey and voted as follows: 29% said ‘no change in their behavior; 5% said they would do more investment research themselves than they previously had, and would continue to rely on their investment advisors just as they have done to date; 47% said they would do more investment research themselves than they previously had, and would rely less on their investment advisors than they had done in the past; and 18% said they would not in the future being investing in the equity markets.  While 38 responses can’t be considered to have statistical validity, these results suggest that investors are less entralled with their advisors at this point in time than I suspect their advisors would like them to be.

A survey just posted, open until March 21, asks whether visitors to this blog are planning to change investment advisors – and if they are, whether they see a clear way forward to do this.  Please vote – see upper left of blog home page. The results of the survey will be reported on the blog when the survey closes.

Note: Given the number of persons who voted, combined with our inability to ascertain how homogeneous the population of voters was, we are unable to determine the statistical validity of the survey results summarized in this post.

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