Dec 20 2006
An economics research centre has warned those looking to save money for their retirement to be wary of putting all their pensions savings into potentially risky buy-to-let investments.
The Centre for Economics and Business Research, (cebr) recommended that those making such investments should not put all their "eggs in one basket", but instead spread their investments over a wider portfolio.
Douglas McWilliams, chief executive of cebr, said: "The normal principles of investment, particularly pensions and long term investments, is portfolio balance."
He added that there is a lot of uncertainty in the buy-to-let market and that investors should be wary of the risk involved in investing in a single asset like property.
Economic research consultancy Capital Economics backed this viewpoint, noting that it is unlikely that a single market would outperform all others over a long period of time, such as pension saving and is in fact quite "risky".
