This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

LGBT Investors More Optimistic Than Other Investors According To UBS Investor Watch Report (Graphic: Business Wire)

Stocks in this article: UBS

Following the U.S. Supreme court ruling overthrowing the federal Defense of Marriage Law (DOMA), LGBT investors reported feeling more optimistic than other investors about the country's economic outlook and their own personal finances, according to a special edition of UBS Investor Watch.

This optimistic outlook is visible in both LGBT investors' long-term perspective (67% v. 57%) and their mid-term view (63% v. 49%) of the economy compared to other investors. Regarding their own personal finances, 59% of LGBT investors said they were extremely or very confident they would meet their financial goals, compared to 52% of other investors.

However, while many LGBT investors feel that the DOMA decision would have a positive impact on their financial security (48%), the LGBT community still has more personal financial concerns than investors as a whole. Some of those concerns are unique to their community, such as being able to find LGBT-friendly long-term care facilities, and marriage equality.

This dichotomy between an optimistic view about personal finances and significant personal financial concerns may explain the contradiction of LGBT investors reporting they have a higher appetite for investment risk profile other investors (25% v. 16%), yet their actual asset allocation shows them to act more conservatively, holding more cash (26% v. 22%) than other investors.

"LGBT investors are more optimistic than other investors about both the U.S. economy and their own personal finances, likely in part due to DOMA," said Emily Pachuta, Head of Investor Insights, UBS Wealth Management Americas (WMA). "But we also see that LGBT investors are more worried about the personal financial issues they share with other investors like having enough money set aside for retirement. Plus they have additional concerns that are unique to the LGBT community such as being able to find an LGBT-friendly long-term care facility when they get older."

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs