By Business Wire, October 08, 2013, 07:00:00 AM EDT
TD Ameritrade Offers Resources for Shutdown Survival
OMAHA, Neb.--(BUSINESS WIRE)--
Nearly three-quarters (72%) of investors surveyed say the government
shutdown and impending debt-ceiling issue has begun to diminish their
confidence in the economy's recovery, according to a recent poll
conducted by TD Ameritrade Holding Corporation (NYSE:AMTD).
While this issue appears to have impacted investors' economic outlooks,
many say that this sentiment won't affect how they plan to approach
their portfolios just yet. Forty-one percent say they haven't made
changes to their investments yet but may pull back if the issue
continues. Another 37 percent of investors say they think the
shutdown/debt-ceiling issue will pass quickly and therefore they haven't
taken action in their portfolios; 12 percent say they are taking
advantage of opportunities as a result of the issue; and 10 percent
moved some money to cash temporarily.
And just how will the issue end? One in four investors say it is very
likely the government will default on its debt, while another 44 percent
say it's somewhat likely.
"Some investors likely aren't adding positions or taking on new risk yet
until there is a clear picture as to how the shutdown and debt-ceiling
deadline will settle," said JJ Kinahan, chief strategist at TD
Ameritrade. "With about one million people furloughed from their
government jobs there is concern that this could have an impact on
retail sales, housing and durable goods."
"The shutdown has brought with it renewed economic uncertainty, and many
investors may have questions about how to adapt their positions for a
variety of potential outcomes," said Tom Bradley, president of retail
distribution for TD Ameritrade. "It's our objective to provide investors
with relevant information and resources to help them answer these
questions. We encourage investors to take advantage of the resources
available to educate themselves and seek guidance or help, if necessary,
before making their next move - whatever that may be."
To help investors navigate their investments during this time, TD
Ameritrade has made the following resources available:
A blog post on "4
Market Signals for Shutdown Survival"
Articles in TD Ameritrade's investor publication, The
A special webcast presented by Alec Young, S&P Capital IQ Global
Equity Strategist. Alec discusses the government shutdown, as well as
the debt ceiling and international investing. The webcast is archived
and available free to the public for playback here.
Investors are encouraged to visit TD Ameritrade's website,
which offers a number of free tools and resources to help them pursue
For the latest news and information about TD Ameritrade, follow the
Company on Twitter, @TDAmeritradePR.
TD Ameritrade, Inc. ("TD Ameritrade") is a broker-dealer subsidiary of
TD Ameritrade Holding Corporation (NYSE:AMTD).
About the Survey
693 consumers participated in an online
survey conducted by True North Market Insights on behalf of TD
Ameritrade Holding Corporation on October 3, 2013 and offered their
views on the federal government's shutdown and impact on economic and
investment conditions. The 693 survey respondents represent a random
sample of the general population selected from a consumer panel of
individuals in the U.S. who have access to the Internet. The margin of
error in this survey is ±3.7%. This means that in 19 cases out of 20,
survey results based on 693 respondents will differ by no more than 3.7
percentage points in either direction from what would have been obtained
by seeking the opinions of all eligible individuals in the U.S. who are
online. True North Market Insights and TD Ameritrade Holding Corporation
are separate, unaffiliated companies and are not responsible for each
other's products and services.
About TD Ameritrade Holding Corporation
investors and independent registered investment advisors (RIAs) have
turned to TD Ameritrade's (NYSE:AMTD) technology,
to help make investing and trading easier to understand and do. Online
or over the phone. In a branch or with an independent RIA. First-timer
or sophisticated trader. Our clients want to take control, and we help
them decide how - bringing Wall Street to Main Street for more than 38
years. An official
sponsor of the 2014 and 2016 U.S. Olympic and Paralympic Teams,
TD Ameritrade has time and again been recognized
as a leader in investment services. Please visit TD Ameritrade's newsroom
for more information.
Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org)/SIPC
Source: TD Ameritrade Holding Corporation