“Are DIY platforms truly a gateway to financial advice?”

Mar 9, 2021 | Investments

Apparently lockdown boredom, not spending and seeing how much shares can go up when they’ve gone down, has lured many to try their hands at online, DIY investing. There’s still a macho, Wall Street, greed-is-good thing about this, which means the majority are blokes who, like most of us, never ask for directions, because we just know stuff. Question is, will this prove to be the ‘gateway drug to advice’? Will these (mostly) guys eventually become our clients? About as many as would ‘get a man in’ to fix their shelves when they fall down, I’d say. So not many at all.

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