Re:TikTok launching jobs service for Gen Z
by paulpauper on Tuesday May 11, 2021 @01:59PM
(#27121316)
I have observed young people today, on tiktok, wallstreetbets, and other communities, to generally be very savvy and cognizant of trends and good investments more so than older people, who get stuck in ruts, such as subscribing to hype/fud of zerohedge or peterschiff. TikTOk and Reddit investors are good at filtering out this bad advice and alarmism.
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Re:TikTok launching jobs service for Gen Z
by reducesuffering on Tuesday May 11, 2021 @04:08PM
(#27122865)
Is this satire? TikTok, IG, and WSB are comically bad and dangerous investment advice. Sure there are a few DD's on WSB that get upvoted to the top, but most are just jumping on a few tickers because someone said it's the next hot thing. Even worse on TikTok and IG, it's 99%:
"look at BTC went 500% last year, buy the dip for another 5x"
"these stocks are the future $RANDOM_SOLAR_PANEL_CO, $TSLA, $WEED_CO"
The most generally knowledgeable sizeable investment advice community is on bogleheads.org and users are usually like age 35+. They're generally well informed on tax implications, century old historical performance, different asset classes, factor analysis, ETF securities lending, etc.
Re:TikTok launching jobs service for Gen Z
by selfhoster11 on Wednesday May 12, 2021 @08:15AM
(#27129390)
Meme-driven investing is riding on a short-term wave now, but soon everyone who didn't get off the bandwagon in time to save their gains will go home crying.
The fact is that short-term (<10 years) investing is indistinguishable from gambling, unless you're Warren Buffett. Investment should be done accordingly, with the plan to get rich slowly if you want to be certain of the outcome.