Survey finds that 37% of Namibians avoid investment risks

The 2023 Old Mutual Financial Services Monitor shows that many Namibians are not investing. About 37% are not willing to take any risks, especially the youth. Jo-Ann van Wyk from Old Mutual Investment Group revealed that 30% of people prefer safe, low-risk options like savings accounts.

Van Wyk further explains that on the other end of the spectrum, those who are more inclined to take risks understand that achieving a higher rate of return typically involves significant risk. Risk-takers are often drawn to investment opportunities that promise short-term gains, but these investors must be prepared for volatility and the potential for loss in the short term. Their resilience and long-term outlook are essential in navigating challenging market periods.