The stock market is volatile and unpredictable. Here’s why stock prices move and how to navigate it as an investor. RELATED: https://bit.ly/3DVFs42
Young Americans – including Generation Z and millennials – have turned to social media platforms like TikTok, Instagram, Facebook and Twitter for investing advice to get trade ideas and swap tips in a virtual trading floor.
But their newfound power on their smartphones comes with risks.
Financial regulators worry that this year’s viral trading craze of meme stocks and cryptocurrencies have fueled unrealistic expectations for first-time investors, who face the possibility of losing money due to the spread of misinformation and fraudsters, according to brokerage watchdog Financial Industry Regulatory Authority.
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