Definition, Meaning & Synonyms
piggyback-investing
Noun
/ˈpɪɡiˌbæk ɪnˈvɛstɪŋ/
Definition
Piggyback investing refers to the strategy of following the investment decisions of successful investors or funds.
Examples
- The beginner investor decided to try piggyback investing by mimicking the trades of a renowned hedge fund manager.
- By piggyback investing, she was able to achieve a better return on her portfolio with minimal research.
Meaning
This approach allows less experienced investors to capitalize on the expertise of more seasoned investors by replicating their investment choices.
Synonyms
- Copycat investing
- Follower investing
