Two in five (39 per cent) Malaysian online consumers use credit cards as a common payment method for dining, shopping and entertainment activities.
At the same time, 92 per cent and 35 per cent use cash and debit cards respectively according to a new study from Nielsen. Nielsen is a leading global provider of information and insights into what consumers watch and buy.
The Nielsen Global Survey of Investment Attitudes surveyed more than 28,000 Internet respondents in 56 countries. The survey also showed almost two out of five Malaysian consumers are investing their money via various channels.
According of those investing, two-thirds (67 per cent) prefer mutual fund/unit trust, about half (49 per cent) prefer stocks, 27 per cent invest in gold, silver and other precious metals, one-fourth in structured investment products, 15 per cent in foreign currencies, 10 per cent in bonds and eight per cent in derivatives.
When measuring the perception on risk taking, 24 per cent of investing consumers said they are concerned about any volatility. One-fourth of investors consider themselves conservative investors, but can accept some minor fluctuation in their portfolio value.
Moderate investors who can accept potential for higher returns make up another 21 per cent, followed by those who aim for long-term capital appreciation (20 per cent).
Ten per cent indicate that they are higher risk takers who seek for highest possible returns. "With the global economic circumstances remaining uncertain, risk taking is another important consideration in closing the gap with personal investors," said Griseri.
"Overall, there emerges a sense that Malaysian consumers tend to err on the side of caution, which is perhaps not surprising in view of the negative economic outlook worldwide," he added.
The Nielsen survey is based on the behavior of respondents with online access only. -- Bernama