{"id":1593,"date":"2021-08-24T10:37:15","date_gmt":"2021-08-24T09:37:15","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=1593"},"modified":"2021-08-26T10:46:36","modified_gmt":"2021-08-26T09:46:36","slug":"younger-investors-and-social-media","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2021\/08\/24\/younger-investors-and-social-media\/","title":{"rendered":"Younger investors and social media"},"content":{"rendered":"
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The Financial Conduct Authority\n(FCA) is concerned about how much influence social media could be having on\nyounger investors, who could unknowingly be taking on significant financial risks.<\/strong><\/p>\n<\/div>\n\n

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According to the FCA, this\nyounger, more diverse group of investors is highly reliant on social media\nplatforms such as Instagram, YouTube, and TikTok for investment tips and\nadvice, but they tend to lack the knowledge and understanding required to make\ninformed choices.<\/p>\n<\/div>\n\n

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A mismatch of confidence and\nresilience<\/strong><\/p>\n<\/div>\n\n

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The FCA expressed concerns that\nthese investors are confidently investing in riskier products despite a\n\u2018striking\u2019 lack of awareness of any associated risk. Shockingly, 45% did not\nassociate \u2018losing some money\u2019 as a potential risk.<\/p>\n<\/div>\n\n

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This group also shows low levels\nof financial resilience, with the findings showing that a significant loss\ncould have a fundamental impact on the lifestyles of 59% of inexperienced\ninvestors.<\/p>\n<\/div>\n\n

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Five questions to ask yourself<\/strong><\/p>\n<\/div>\n\n

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A digital disruption campaign has\nbeen launched by the FCA to raise awareness of the risks, prompting people to\nask themselves five questions:<\/p>\n<\/div>\n\n

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1.            Am\nI comfortable with the level of risk?<\/p>\n<\/div>\n\n

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2.            Do\nI fully understand the investment being offered to me?<\/p>\n<\/div>\n\n

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3.            Am\nI protected if things go wrong?<\/p>\n<\/div>\n\n

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4.            Are\nmy investments regulated?<\/p>\n<\/div>\n\n

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5.            Should\nI get financial advice?<\/p>\n<\/div>\n\n

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Take care of your financial future\nIts pays to take advice – we can help develop an investment plan suited to your\nlong-term goals and risk profile.<\/p>\n<\/div>\n\n

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The value\nof investments and income from them may go down. You may not get back the\noriginal amount invested. A pension is a long-term investment. The fund value\nmay fluctuate and can go down. Your eventual income may depend on the size of the\nfund at retirement, future interest rates and tax legislation.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Financial Conduct Authority (FCA) is concerned about how much influence social media could be having on younger investors, who could unknowingly be taking on significant financial risks. According to the FCA, this younger, more diverse group of investors is highly reliant on social media platforms such as Instagram, YouTube, and TikTok for investment tips […]<\/p>\n","protected":false},"author":12,"featured_media":1594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88,90],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1593"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=1593"}],"version-history":[{"count":4,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1593\/revisions"}],"predecessor-version":[{"id":1598,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/1593\/revisions\/1598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/1594"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=1593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=1593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=1593"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=1593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}