When stockbroker Anil Jethmal was featured in the 1995 book, The Winner’s Circle II: How 10 Stockbrokers Became the Best in the Business, he saw his active accounts grow from about 150 to nearly 700. Anil Jethmal currently works as the senior vice president for a large financial services corporation specializing in investment banking, insurance, account protection, and wealth management.
According to the recently released Wells Fargo/Gallup Investor and Retirement study, optimism in the investment world is at a 16-year high that has not been seen since the heyday of the dot-com boom of 2000. One of the study’s features, an “optimism index,” rests at 126, very near 2000’s 130 mark. The optimism, according to InvestmentNews, is due to an overall positive feeling regarding current economic growth, as well as manageable unemployment and inflation rates.
Of every 10 investors who participated in the survey, six said now was a good time to invest. 78 percent of survey respondents reported that they were confident they would be able to support themselves during retirement, up nearly 10 percent from three years ago.
Despite the overall rise in optimism, many investors remained skeptical regarding taxes. Though 29 percent of the respondents expected their taxes to go down, 39 percent expected to pay a higher percentage of their income in taxes in the near future.