One in four adults have been talked into investing in stocks and shares – by a mate in the pub.
A poll of 2,000 adults found 61 per cent have pals giving them financial advice over a beer in their local, despite 75 per cent recognising it’s the worst place to get a hot take when it comes to money.
But 21 per cent even put some money into cryptocurrencies following the advice from a buddy.
Others have dodged certain financial products (18 per cent), applied for a credit card (17 per cent) and placed a bet (14 per cent) based on their tips.
However, a savvier 41 per cent have refused to take on board the financial guidance of their friends – as 26 per cent prefer to do their own research.
Helen McGinty, head of finance advice distribution at Skipton Building Society [https://www.skipton.co.uk/financial-advice/financial-planning-explained], which commissioned the research, said: “Everyone seems to have a friend who is always ready to share their ‘brilliant’ money-saving tip or investment ideas.”
