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AAII Readers Reveal 2017 Financial Resolutions & Their Outlook for S&P 500

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Happy New Year! We have closed the books on 2016 and look out on the unwritten expanse of 2017. This time of year, it is customary for various news outlets to make predictions for the new year or ask its readers or followers what they think the new year has in store. Here at AAII we are no different!

AAII Weekly Survey Question

A couple of weeks ago we asked our readers where they thought the S&P 500 would end up in 2017. Specifically, we asked:

How do you think the S&P 500 will fare in 2017?

Here is how they responded:

Out of the 5,724 readers who responded, 74% believe the S&P 500 will post a gain in 2017. The biggest segment believes the S&P 500 will gain between 5% and 10% this year after adding 12% in 2016. Another 15% said the S&P will be up for the year, albeit no more than 5%. Fourteen-percent are feeling especially optimistic, believing the S&P 500 will rise between 11% and 20% this year.

The biggest block of pessimists–8% in all–believe the S&P 500 will fall between 5% and 10% this year, while 6% feel the index will basically be flat in 2017.

Extreme pessimism slightly outweighed extreme optimism in the poll, with 4% (218 voters) saying the S&P 500 will fall more than 20% this year and 3% (149 voters) stating the index will gain more than 20% in 2017.

Weekly Special Question

Now is also the time of the year for people to make resolutions of all sorts. So we asked our readers:

What is your most important financial resolution for 2017?

The top two vote-getters, by nearly a two-to-one margin, were reduce spending and saving more.

Other common these among our readers were:

  • Invest and/or save more for retirement
  • Stick to an investment or financial plan
  • Rebalance portfolio
  • Become a Level3 investor
  • Stay the course

Here is a sampling of the responses:

  • “Be more disciplined.”
  • “Become a better investor.”
  • “Change my investing style to “Level3″, mixing passive and active equities.”
  • “Don’t do anything stupid or greedy.”
  • “I just retired! Damn the torpedoes, full FUN ahead!”
  • “Ignore the NOISE!”
  • “Keep long-term goals in mind.”
  • “To stay within my budget and to enjoy retirement and the financial independence I gave to myself by saving, investing and working with good financial representatives and reading American Associate of Individual Investors publications over the years I have been a member.”

Everybody has an opinion! Why not give us yours? Participate in our weekly member poll, updated every Monday, and see the results online at http://www.aaii.com/memberquestion.

 

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