Hello and welcome to the programme.

Now, it's a long time since Margaret Thatcher promoted the idea of wider share ownership.

But recently, in a form she probably wouldn't have recognised, it seems to have caught on among many young adults who have no recollection of the 1980s,

a new generation of traders guided by social media using apps that deliver very cheap transactions

and folks sometimes motivated by a desire to shake up the world. They're dabbling in and

sometimes disrupting the markets in ways that previous generations wouldn't have thought of.

And they're often trading with attitude.

Now, many of us woke up to this with a bubble in the price of shares of GameStop, an American video game retailer.

Its shares went from 20 to 350 back down to about $40, driven by retail traders, keen to make a buck,

and keen too to hurt the hedge funds who had bet against the company. Now, it is quite a phenomenon

this, and we want to get to understand it today. We're going to hear from two young traders

shortly. But first, let's meet my other guests,

what you might call old school market experts, and first of those is Holly Mackay, founder and

MD of Boring Money. And Holly, tell us about Boring Money. What do you do?

Thank you, Evan. Well, Boring Money is an independent website, which I set up to help people

fundamentally make better choices with their investments and pensions. So think of us, if you will,

like a financial love child of TripAdvisor and which. So we take customer ratings and reviews,

but also have our own independent views on there to help people make better choices with their investments.

You're addressing the retail investor.

Are you still basically talking about people in their 40s, 50s, or are you seeing some customers in their 20s interested in what you're saying?

It's changing so quickly, Evan, and 2020 was a fascinating year.

You know, by way of an example, one in 10 investors now in the UK has only been investing for 12 months or less.

...