Older investors have proven that experience pays off as new data shows over-65s achieved the highest investment returns over the past two years.
Investors over 65 beat their younger counterparts, achieving investment returns of 4.1 per cent between April 1, 2021, and March 31, 2023, according to customer data from broker Interactive Investor.
This compared with returns of -1pc for 18- to 24-year-olds, 0.1 per cent for those aged 25-34 and 0.8 per cent for the 35-44s.
Experience: Investors over 65 beat their younger counterparts, achieving investment returns of 4.1% between April 1, 2021, and March 31, 2023
Those aged 45 to 54 and those from 55 to 64 returned 1 per cent and 1.4 per cent, respectively.
The over-65s also outperformed younger investors in the year to March 31, 2023, losing -2.1 per cent, while the 18-24s lost an average of -4.3 per cent.
Last year, global stock markets suffered as a result of the Ukraine/Russia war. Despite achieving top returns, even the over-65s would have fared better if they had invested in tracker funds, data shows.
Investing in a fund that tracks the FTSE All-Share index would have returned 16.3 per cent, while tracking the FTSE 100 index, made up of the 100 largest companies listed on the London Stock Exchange, would have returned 22.3 per cent.
