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Confidence issues 'must not cloud long-term investment plans'

A financial expert has urged investors to consider long-term strategies and not to be clouded by recent results.

David Kuo, director of financial website The Motley Fool, referred to the results of the latest GfK NOP Consumer Confidence Index for April 2010.

According to the index, consumer confidence levels have dropped by one point over the past month.

"The latest drop in consumer confidence from GfK NOP is only to be expected with the uncertainty over the outcome of the general election," said Mr Kuo.

"But it is also important to appreciate that 80 per cent of profits generated by FTSE 100 companies are derived outside of the UK. What happens domestically is unlikely to have any impact internationally."

Nick Moon, managing director of social research at GfK NOP, suggested that the results of the survey indicated that improvement in the UK has "pretty much stalled".

This sentiment is echoed in predictions from the National Institute of Economic and Social Research which have forecast a paltry rise of one per cent in the UK's GDOP this year.ADNFCR-1898-ID-19753898-ADNFCR

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