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&#39Bad advice from family and friends&#39

People in their late teens and early 20s run the risk of making bad

investment decisions because they rely on family and friends for advice.

Research conducted by Autif shows that 15-24-year-olds are most likely to

want to boost their financial knowledge but take decisions based on

anecdotal evidence rather than professional advice. Autif says any

initiatives aimed at raising financial awareness should be targeted at this

age group to reduce mistakes and the potential for misselling.

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