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Nutmeg CEO: ‘A lot of people will have their fingers burned with meme stocks’
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The boss of Nutmeg criticised meme stock investors as the UK digital wealth manager looks to attract an array of new investors through a landmark tie-up with JPMorgan.
"The kind of education that we bring to people, the understanding we bring to people, is that its not about stock picking. That's not a long-term strategy for growing wealth, and no doubt, unfortunately, quite a lot of people will have their fingers burned with meme stocks," Nutmeg chief executive Neil Alexander told Financial News in an interview.
Meme...
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