Almost half of new self-directed investors are not aware that losing money is a potential risk of investing, new research conducted for the Financial Conduct Authority has revealed.
Understanding self-directed investors, produced by BritainThinks for the FCA, found that 45% of self-directed investors, defined as those "who are making investment decisions on their own behalf…without a financial adviser", do not view "losing some money" as a potential risk of investing. FCA: Majority of crypto exchange applications 'withdrawn or refused' This "woeful knowledge" about the risks of investing is particularly worrying given the rise of highly volatile cryptoassets and increase in the cost of living, argued Susannah Streeter, senior investment and markets analyst at Har...
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