An increase in quick disposals of share holdings may be the result of over-confidence and short-termism amongst investors, one wealth manager says.
HMRC data shows that in the most recent tax year (ending 5 April) 30 percent of disposals were of shares owned for less than two years. The same figure in the prior year was 18 percent, with the value of these disposals at £7.9 billion last year, up 46 percent from £5.4 billion the year before.
Bowmore Wealth Group’s client director Charles Incledon said trading more frequently resulted in eroded returns due to poor timing and increased costs. In many cases, this over-tr...
