Fri, December 27, 2024
Thu, December 26, 2024
Wed, December 25, 2024
Tue, December 24, 2024
Fri, December 20, 2024
Thu, December 19, 2024
[ Thu, Dec 19th 2024 ]: Forbes
13 Must-Read Investing Books
[ Thu, Dec 19th 2024 ]: Forbes
PepsiCo Is Oversold
[ Thu, Dec 19th 2024 ]: Aviva
Types of Investments
Wed, December 18, 2024
Tue, December 17, 2024
Mon, December 16, 2024
Sun, December 15, 2024
Sat, December 14, 2024
Fri, December 13, 2024

Two-thirds of young investors take less than 24 hours to decide on an investment


  Copy link into your clipboard //stocks-investing.news-articles.net/content/202 .. ss-than-24-hours-to-decide-on-an-investment.html
  Print publication without navigation Published in Stocks and Investing on by The Daily Mirror
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Desperate to not miss the boat, 'fear of missing out' or fomo is driving many to make their money moves, with over half (51%) confessing to exceeding their initial investment because of it, the regula

The article from Mirror.co.uk discusses a survey revealing that two-thirds of young investors are taking significant risks with their investments, often influenced by social media trends rather than traditional financial advice. The survey, conducted by the stock trading app eToro, found that 66% of investors aged 18-34 are engaging in high-risk investments, with many following tips from platforms like TikTok and Instagram. This trend has led to concerns about a potential "get-rich-quick" mentality among young people, with 40% of them admitting to making investment decisions based on social media content. The article highlights the risks associated with such an approach, including the lack of understanding of the investments and the potential for significant financial losses. It also notes that while social media can democratize access to investment information, it often lacks the depth and accuracy needed for sound financial decision-making.

Read the Full The Mirror Article at:
[ https://www.mirror.co.uk/money/two-thirds-young-investors-take-34334688 ]

Publication Contributing Sources