Young turn to social media for investment decision guidance

News Team, 16/02/2021

A new survey by behavioural finance specialists Oxford Risk has revealed the extent to which retail investors are taking cues from social media.

The firm surveyed a representative sample of UK adults in December, with 7 percent saying they used Facebook as a source of information for investment decisions, while 6 percent used Twitter and 5 percent LinkedIn.

Younger investors were more likely to report this behaviour: for 18 to 34-year-olds 20 percent say social media is...

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