The UK Financial Conduct Authority (FCA) today published key findings from a survey that polled 2,000 UK investors aged 18 to 40.
The research reveals that young investors are making important investment decisions in a matter of hours, rather than taking the time to check out whether the product is right for them in the long-term.
The survey found that two-thirds (66%) make investment decisions in less than a day, with one-in-seven (14%) deciding to purchase in under 60 minutes. Only 11% take more than a week to decide if an investment is right for them.
Investing for the long-term can be rewarding, and not just financially. However, while buying into the buzz can sometimes deliver short-term satisfaction, it can also lead to regret. Despite 63% of people believing that hype meant it was a good investment…
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