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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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[-] No1@aussie.zone 1 points 5 hours ago* (last edited 5 hours ago)

I thought it was all about crypto, EFTs and Labubus?

^not^ ^financial^ ^advice^

[-] hanrahan@slrpnk.net 2 points 9 hours ago* (last edited 9 hours ago)

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 points 9 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?

_ /\ _

[-] Zagorath@aussie.zone 5 points 22 hours ago

Hey Google, should I buy Alphabet shares?

this post was submitted on 16 Mar 2026
18 points (100.0% liked)

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