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Two-thirds of young people rely on social media for their financial investment decisions, with one in five turning to artificial intelligence.

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[-] Paragone@piefed.social 1 points 10 hours ago

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?

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this post was submitted on 16 Mar 2026
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