Aug
2024
Sun, Sand, and Suspicious Stock Picks: one in six DIY investors are picking their portfolios at the poolside
DIY Investor
28 August 2024
According to brand new research from digital investment platform Charles Stanley Direct, the UK’s DIY investors – self directed investors who actively manage their own portfolios – have a penchant for trading by the pool
When asked about their holiday habits:
- One in six DIY investors (16%) have traded at the poolside on holiday – rising to 20% of men compared to 11% of women
- 18% have managed their portfolio on holiday days out with the family – rising to 24% of Gen Zs
- 13% have managed their portfolio at the airport
- And the same number (13%) have spoken with their financial advisor while on holiday
- More than a quarter (27%) have ensured the accommodation they stayed at had internet specifically to allow them to manage my portfolio
Some do disengage!
- More than one in five DIY investors (22%) disengage from market news for the length of their holiday
- and 21% put a pause on managing their portfolio for the duration of their trip
Rob Morgan, Chief Investment Analyst at Charles Stanley Direct, comments: “Britain’s DIY investors are switching armchairs for deckchairs, and taking their portfolios to the pool. These sun tan traders must be applauded for their commitment – but there is also merit to switching off, especially if investors are in it for the long-run. There’s no need to literally float on the stock market – unless the financial world shakes, swapping portfolio tracking for a piña colada won’t do you any harm. Just remember – all financial decisions should be made sober!”
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