What Type of Investor Are You?

Young people are taking too much risk with money they can't afford to lose, with social media and apps fuelling the rise of the thrill-seeking investor

James Gard 29 March, 2021 | 1:43AM
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Poker chips

Are you a thinker, a gambler or a “have-a-go” investor? The answer may reveal your age, your level of investing experience – and how likely you are to take on risks that could be seriously damaging to your wealth.

New research commissioned by the UK's Financial Conduct Authority (FCA) into DIY investing suggests the boom in trading apps, lockdown boredom and social media buzz, are leading some novice investors to take a “thrill-seeking” approach that could have harmful consequences for their long-term financial plans.

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About Author

James Gard

James Gard  James Gard is senior editor for Morningstar.co.uk.

 

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