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Invested in finfluencers' stock picks? 72% of shares failed to beat Nifty

The article from MSN discusses a study by the CFA Institute which analyzed the stock recommendations made by financial influencers (finfluencers) on social media platforms. The study found that 72% of the stocks recommended by these finfluencers underperformed compared to the Nifty index, a benchmark for the Indian stock market. This suggests that following stock tips from social media influencers might not be a reliable strategy for investment success. The research highlights the risks associated with such advice, pointing out that many finfluencers might not possess the necessary expertise or might be driven by incentives other than providing sound financial guidance. The article advises investors to be cautious and consider professional financial advice or conduct their own research before making investment decisions based on social media recommendations.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/top-stocks/invested-in-finfluencers-stock-picks-72-of-shares-failed-to-beat-nifty/ar-AA1vZP0F ]