Fidelity Investments reported today that a survey of its 401(k) investors shows that most are undaunted by volatility in the markets and have stuck to their long-term investment plans despite the markets doldrums.
Seventy-one percent of the 401(k) investors who responded to the survey said they plan to keep their current investment strategy. Many see the market as a "buy opportunity," with 33% saying that they plan to increase the amount they currently contribute to their portfolios.
In addition, the firm--which has lost 17% of its total assets year to date, according to Financial Research Corporation--said that most of its retirement investors are optimistic about living well after they retire. Sixty-six percent said they are confident that they "will have enough money saved to provide the kind of lifestyle they plan to lives during retirement," the firm said in a statement.
Fidelity did not say how many of its investors were surveyed.