I think it's more important than ever to clarify the difference between long-term investing and short-term speculation with young people.

Many young people are entering the market with an expectation that cryptocurrency prices only go up and that they can outperform Wall Street by getting hot tips (DD) from meme-infused posts on Reddit.

When it doesn't work out, they swear off "investing" when they never actually did anything beyond speculation and daytrading.

I hope apps like Robinhood find a good way to encourage portfolio balance, dollar cost averaging, and risk management over time.