Ft Money Show

Young investors have rushed to open day trading accounts under lockdown, using tips gleaned from chat rooms and social media as they attempt to make a fast buck. But betting on short-term market movements carries a high risk of losing money — something that 19-year-old Ross has found out the hard way trading stocks like GameStop and AMC. If he invested his money for a matter of years instead of a matter of minutes, would he get a better return? Claer Barrett hears from experts Merryn Somerset Webb, the FT columnist and editor-in-chief of MoneyWeek, and Damien Fahy, founder of investment website Money to the Masses.If you would like to talk to Claer for a future podcast episode, email the Money Clinic team [email protected] with a brief description of your story. Follow Claer on Twitter and Instagram @Claerb and read her weekly Serious Money column.Read more:-Claer’s thoughts about good investment habits to build for the future: Where do the next generation of investors go from here? -Merryn Somerset Webb’s co