FYI: The next time you buy a stock, you might want to make sure it’s the right one for the company you want to invest in.
Mistaking one stock for another happens more often than you might think, according to a new study. The research suggests that investors sometimes buy the wrong stock because of confusion between companies that have similar names or ticker symbols but otherwise have no meaningful connection.
For instance, investors who look up the symbol FORD may think they are going to buy stock in Ford Motor Co. , but that symbol actually denotes Forward Industries Inc., which designs and distributes products for the consumer-electronics industry. Ford’s ticker symbol is simply F.
Regards,
Ted
https://www.wsj.com/articles/beware-you-may-not-be-buying-the-stock-you-think-you-are-11570414140
