Worrying statistics for UK investors
UK investors infatuation with dividend income over capital growth could continue to be a drag on long term investment returns and consequently impact future retirement income. In this regard, the recent data from the UK’s largest investment platform presents a worrying picture, as we consider here. (Free to read)
Despite the UK stock market’s derisory returns over the past decade and more, and the ease of buying overseas securities, many of which are more relatable to UK investors, the UK's largest investment platform revealed that UK-listed shares still attracted the majority of buying interest from DIY investors in 2023. Furthermore, net buys on the Hargreaves Lansdown (‘HL’) platform across 2023, suggest that UK DIY investors are primarily seeking out stocks which offer the potential for a high level of dividend income, above longer term capital growth. An underperforming Top Ten! Insurer and investment manager Legal & General Group, whose shares were…