A surprising 40% of financial investors report wishing they had spent more time researching their investments, according to research conducted by the Financial Conduct Authority (FCA) and Financial Services Compensation Scheme (FSCS).
The report found that 42% of young UK investors between 18-24 made their latest investment while sitting in bed, watching streaming entertainment, spending time at the pub or returning from a night out.
Lack of Investment Research
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The FCA and FSCS commented that the environment investors made their portfolio decisions in made them highly susceptible to scams and false investment opportunities, leaving them vulnerable to having their money funnelled off in illegitimate offers.
Approximately 44% of the 37% of adults actively participating in the investment field said they regretted not spending more time researching their investments, however respondents pointed out that they didn’t conduct adequate research due to finding the exercise too complicated and time-consuming.
“With almost two in five adults holding investments in the UK, it’s clear there’s a growing appetite to start investing as online platforms are making it easy and accessible for everyone,” said FSCS spokesperson Lila Pleban.
“But as our findings show, carving out time to research and look into investment opportunities is not always top of people’s to-do lists and unfortunately, puts them at a higher risk of being scammed or putting their…
