Two-thirds of young people rely on social media for their financial investment decisions, with one in five turning to artificial intelligence.
Two-thirds of young people rely on social media for their financial investment decisions, with one in five turning to artificial intelligence.
4 Comments
Zagorath@aussie.zone · 5 pts · 172d
Hey Google, should I buy Alphabet shares?
hanrahan@slrpnk.net · 2 pts · 172d
on a similar note, an article in the WSJ about a young guy trying to make bank based on reddit advice, made a good amount, then lost it.
paywalled
https://www.wsj.com/finance/investing/alexander-hurst-generation-desperation-excerpt-644c2a66
my advice ? :) get your degree, fuck off to Cambodia, (super easy visas), you don't want to be 60 and still lumbered with a mortgage because 1/2 the time you'll be made redundant along the way,
or if you can figure out how to work remotely move to a small rural town in Aus if you want to do the family thing, or head OS as a nomad and dollar cost average into a couple ETFs.
I retired at 40 and am now 60.
Paragone@piefed.social · 1 pts · 172d
It isn't only local to Australians:
The Reverse Cramer Index was a fund which did the exact-opposite of what a TV "guru" was telling people to do.
Notice that its returns, before it shut down, were in the green:
https://finance.yahoo.com/quote/SJIM/performance/?guccounter=1
You can't harvest the money of the mislead-sheep unless you're misleading them & fleecing them efficiently, right?
_ /\ _
No1@aussie.zone · 1 pts · 172d
I thought it was all about crypto, EFTs and Labubus?
^not^ ^financial^ ^advice^