DIY stockpicking
While there wasn ’ t a huge amount of variance in the results between the most popular funds and most popular shares , the latter showed a far wider dispersion of returns
can be blue-chip dividend giants , as AJ Bell ’ s list demonstrates , the selections are often polarised – the other end of the chart is dominated by purchases made for emotional reasons , such as investing in companies their children work at to support their positive story , says Steel , or a colleague ’ s latest “ hot tip ”. “ One client had a holding in Gulf Keystone , which I ’ d never heard of at the time . It became a smallcap darling , only to spectacularly collapse ,” he adds . “ One of them made a ridiculous return – 2,000 % or so – so all his colleagues started buying . Another guy was late to the party : he put in £ 10,000 , which fell to around £ 200 . So , they can be one person ’ s bestever stock , and someone else ’ s worst nightmare .”
Issue 93 - March 2023 / 31 /