Hannah McQueen: Why random stock picking can be to the detriment of your investment strategy
Hannah McQueen has been running enable.me for more than 15 years, and in that time has seen a huge change in the number of people who own shares. The sharesies/hatch/DIY investor revolution means many people have a portfolio when previously it was only those who had significant wealth, or a personal passion, who did.
The problem is there are more and more people randomly selecting shares, rather than investing strategically, or in a diversified way. FMA research shows a decent number of people invest due to FOMO or because someone said it was a good idea, without doing any research themselves…
The skinny
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