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<ul class="summary-list"><li>Gen Z investors are aiming to use market opportunities and make short-term profits, a Barclays survey found. </li><li>They trade often, take bigger risks and track their portfolios closely - habits criticised by <keyword id="35175" type="ORGANIZATION" weightage="60" keywordseo="investing">investing</keyword> experts. </li><li>At the same time, so-called 'Finfluencers' are sharing stock and investment strategy tips for fast, high returns. </li></ul>Gen Z investors are all about making quick gains. They trade more frequently, they take on more risk and are picking up other traditionally 'bad' investment habits in the process, a Barclays survey found this week. "Over a fifth (21 per cent) of Gen Z investors say they are investing to take advantage of the market and 16% plan to 'play the <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>' to get rich quick," the survey found. Most Gen Z investors additionally planned to dissolve investments within five years, according to Barclays.Over the past year especially, Gen Z investors have also become more prone to taking risks when investing - almost a third of survey respondents admitted to this. "The last year has also seen younger investors pick up investing habits that are traditionally viewed as unfavourable," Barclays noted. As well as an increased risk appetite and investing more speculatively, the survey found that Gen Z investors traded more frequently and monitored their portfolios more often and closely. Gen Z, or "zoomers", are generally understood to be those individuals born roughly between 1997 to 2012, to so-called Gen X parents. Older generations were found to be more focused on long-term goals, like purchasing real estate, when investing and had not become significantly more susceptible to risk over the past year. Throughout the COVID-19 pandemic and alongside the corresponding rise in retail <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading">trading</keyword>, a new type of <keyword id="6354632" type="UNKNOWN" weightage="60" keywordseo="social-media">social media</keyword> influencer has emerged - and it's one that appeals to Gen Zers. "Finfluencers", or financial influencers, are especially popular on TikTok, where over 45% of all US-based users are of Gen Z age, according to <a href="https://www.statista.com/statistics/1095186/tiktok-us-users-age/">statista.com</a>. The hashtags '#FinTok', '#StockTok', '#finance' and '#investing', which are commonly used by influencers who share finance- and investment-based content, have almost 7.5 billion views between them. The type of videos posted under these tags however varies greatly. On the one side, there are finfluencers that use their platform to provide financial education, <a href="https://markets.businessinsider.com/news/stocks/tiktok-feminist-finance-gender-equality-investing-fintok-stocktok-2021-5-1030476909">fight back against sexism</a> that still exists within the world of finance and investing, or show how they use <a href="https://markets.businessinsider.com/currencies/news/dogecoin-mavericks-mark-cuban-tiktok-robinhoodkid-tickets-fintok-2021-4-1030341654">cryptocurrencies to make purchases</a>.On the other side, many accounts promote specific stock investments or strategies - often leading with a promise of quick and high returns if users follow the approach. Videos with titles like "Stocks that will make me rich by 2022", "Three penny-stocks ready to take off this week" or "How to retire at 22 years old" seem to dominate financial hashtags when scrolling through TikTok. Crucially, finfluencers rarely are qualified financial professionals. Instead, they are often just dipping their toes into the investment waters as well. Many clarify this on their profiles, but this does not seem to stop audiences from following their advice and strategies. A recent Motley Fool survey showed that <a href="https://markets.businessinsider.com/news/stocks/stocks-are-king-among-genz-millennials-meme-stocks-are-not-2021-5-1030452750">social media buzz is the fourth most important factor</a> in deciding whether to invest in a certain stock or not among Gen Z investors - highlighting just how influential finfluencers can be and how significant a role they play in young investing.

Gen Z investors are taking more risks, picking up bad investing habits in the hunt to get rich quick, survey finds

<ul class="summary-list"><li>Some male TikTokers who are active on <keyword id="11345318" type="UNKNOWN" weightage="60" keywordseo="stocktok">StockTok</keyword> and <keyword id="11154706" type="UNKNOWN" weightage="60" keywordseo="fintok">FinTok</keyword> still say finance is a man's realm.</li><li>But rising female Fintok stars like Jessica Spangler are proving them wrong and advocate for <keyword id="11345319" type="UNKNOWN" weightage="60" keywordseo="financial-feminism">financial feminism</keyword>.</li><li>They aim to empower women to take control and understand their finances and investing. </li></ul>For some male TikTokers who are active on StockTok and FinTok, the social media platform's financial niches, <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> and investing are still 'just for men'.Age-old stereotypes of women not being able to understand finance, or needing men to explain investing to them, are constantly being retold. Male TikTokers often leave derogatory, insulting comments under the videos of their female peers and appear to be getting more likes and engagement on their content. Major banks and financial institutions have strived to reduce the gender imbalance in recent years. <a href="https://www.goldmansachs.com/media-relations/press-releases/current/update-on-inclusion-and-diversity.html">Goldman Sachs</a> is aiming to have 40% female vice presidents by 2025, 40% of <a href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/documents/workforce-composition-disclosure.pdf">JPMorgan</a>'s board members were female in 2020, 39% of <a href="https://www.morganstanley.com/assets/pdfs/Morgan_Stanley_2020_Diversity_and_Inclusion_Report.pdf">Morgan Stanley</a>'s global employees were women, Christine Lagarde became the European Central Bank President, two of the six Federal Reserve governors are women. Yet fewer than 1% of global financial institutions have achieved gender equality according to the <a href="https://www.omfif.org/gbi2021/">Official Monetary and Financial Institutions Forum</a>'s 2021 Gender Balance Index. Only <a href="https://markets.businessinsider.com/currencies/news/bitcoin-ethereum-cryptocurrency-traders-overwhelmingly-male-etoro-study-show-2021-2-1030049339">15% of bitcoin and 12% of ethereum</a> investors are women, a survey by trading platform eToro found earlier this year. And on social media, gender stereotypes are still all the rage. "One of my first videos was talking about capital gains tax with short-term investing and just a whole bar of comments from guys: 'she has no idea what she's talking about, none of this is true, this is completely inaccurate' and I was literally sharing factual information. I mean it's not a debate, it's not an opinion, it's fact," Jessica Spangler told Insider..From simple comments like "you're wrong" to mockery and full-blown insults - it's all commonplace online. Scrolling through popular hashtags like #fintok, #stocktok, #investing or #finance creates a bleak image in terms of gender equality, with the vast majority of content being put out by young men. The "finance bro" community is alive and well. Spangler, who has over 151,000 followers on <keyword id="6762469" type="UNKNOWN" weightage="60" keywordseo="TikTok">TikTok</keyword> and goes by the handle @ecommjess, says she is making 'financial <keyword id="125719" type="PERSON" weightage="60" keywordseo="Feminism">feminism</keyword>' a key part of her online brand."It is possible as a female to have a voice in finance, to take control of your own financial situation and to kind of advocate and empower yourself through financial education," Spangler said. "It doesn't have to be, you know, an old guy in a suit that gives you all your information," she said. "I just want women to feel like can have their own financial future and be financially independent and that they don't need anybody else to, you know, handle their money for them," Spangler said. Spangler credits her commitment to financial feminism to her mother, who inspired her to take control of her own money.She didn't start her working life in the financial markets, despite having taken college credit courses on business and finance and completing certificates and an associate's program in finance and business management in high school.Spangler earned a doctorate degree in clinical pharmacy and began working in the field. After noticing how many women both at work, where a number were also educated to doctorate level, and in her personal life knew next to nothing about finance, she decided that had to change - and started her financial social media accounts. In her videos, Jessica explains everything from 401ks and Roth IRAs to credit card rewards, as well as concepts such as extended warranty and capital gains tax. But she also uses her platform to actively encourage women to invest and educate themselves about finance."Ladies we can make money in the stock market, we will make money in the stock market, we are smart and powerful and wealthy, you're already a boss, now be your own boss," she says in one of her TikTok clips. Women celebrated her in the comments for the video.In fact, the vast majority of her followers are women, she said. And they are more than keen to learn about finance - Spangler's comments are filled with young girls and women asking for advice and further clarification. Any topics that help them set themselves up for a secure financial future are especially popular, she said. But she avoids giving direct financial advice and instead encourages them to educate themselves - a core part of her social media accounts' mission. "I am trying to educate, to provide people with the tools to assess information on their own and go out into the world and look into these things further so that hopefully they feel inspired to learn more and make their own decisions and mostly just feel empowered to make those decisions," Spangler said.

From WallStreetBets to TikTok, finance is still all about 'bro culture' - but a FinTok 'financial feminist' and her over 150,000 followers are trying to change that

<ul><li>The TikTok hashtag "#investing" has amassed over 1 billion views on the mobile video app as more and more young people are turning to the platform to learn about the <keyword id="6357440" type="DEFINITION" weightage="60" keywordseo="Stock-Market">stock market</keyword>. </li><li>Several creators are using TikTok to explain stock market concepts in fun and interesting ways with short, snappy videos and useful graphics.</li><li>Here are five upcoming "StockTok" creators educating users on stock picking, market trends and more technical concepts like options. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest">Visit Business Insider's homepage for more stories</a>.</li></ul>With the rise of commission-free trading and app-based platforms like Robinhood, it is easier than ever to invest in the stock market, and the younger generations are piling in. Catering to the rise of the <keyword id="159493" type="PERSON" weightage="60" keywordseo="Gen-Z">Gen Z</keyword> and millennial traders, the short-form video app TikTok is home to a sizable library of investing advice. The hashtag #investing has received over 1 billion views, while #Stocktok has drawn in over 254 million views. While the platform has received criticism for hosting risky or incorrect market advice, a handful of creators are attempting to stand out with educational, interesting and relatable content. Here are five "StockTok" creators producing stock market and trading content on TikTok. <h3>Robert Ross, @tik.stocks, 227,600 followers </h3>Robert Ross is senior equity analyst for an investment research company. He runs @tik.stocks where he uploads videos <a href="https://www.tiktok.com/@tik.stocks/video/6904034363600538886">analyzing his positions in stocks like Palantir</a>, Alibaba, and Snowflake, while also giving his thoughts on market trends to his 227,600 followers. As a TikTok creator with almost a decade of financial analysis experience, he said he wants to educate younger people on how to build long-term investing habits. "I get messages from kids all the time who are 16, 17 years old asking how do I set up a custodial account? They want to be able to buy stocks…They want to buy super speculative stuff, penny stocks, they want to day trade," Ross told Business Insider. "What I try to do is bring some experience to all that enthusiasm these kids have, and kind of teach them good habits at a young age...because I've had some horror stories of people losing tens of thousands of dollars that send me their screenshots," he added. At a time when there is near limitless euphoria permeating the stock market as it notches record after record, much of it coming from retail investors, Ross believes educating younger generations could be key to protecting the market when things get frothy. "I think if you're able to kind of teach them good habits, it's actually going to be a source of stability for markets in the long term." &lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@tik.stocks/video/6904034363600538886" data-video-id="6904034363600538886" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@tik.stocks" href="https://www.tiktok.com/@tik.stocks"&gt;@tik.stocks&lt;/a&gt; &lt;p&gt;let's see if I should sell my Palantir (PLTR) position &lt;a title="stocks" target="_blank" href="https://www.tiktok.com/tag/stocks"&gt;#stocks&lt;/a&gt; &lt;a title="stockmarket" target="_blank" href="https://www.tiktok.com/tag/stockmarket"&gt;#stockmarket&lt;/a&gt; &lt;a title="invest" target="_blank" href="https://www.tiktok.com/tag/invest"&gt;#invest&lt;/a&gt; &lt;a title="investing" target="_blank" href="https://www.tiktok.com/tag/investing"&gt;#investing&lt;/a&gt; &lt;a title="stonks" target="_blank" href="https://www.tiktok.com/tag/stonks"&gt;#stonks&lt;/a&gt; &lt;a title="ddtg" target="_blank" href="https://www.tiktok.com/tag/ddtg"&gt;#DDTG&lt;/a&gt; &lt;a title="pltr" target="_blank" href="https://www.tiktok.com/tag/pltr"&gt;#PLTR&lt;/a&gt; &lt;a title="fintok" target="_blank" href="https://www.tiktok.com/tag/fintok"&gt;#fintok&lt;/a&gt;&lt;/p&gt; &lt;a target="_blank" title="♬ original sound - Robert Ross" href="https://www.tiktok.com/music/original-sound-6904034373713103621"&gt;♬ original sound - Robert Ross&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;Kayla Kilbride, @Robinhoodkid, 60,000 followers Kayla Kilbride set out to learn about investing at the start of the pandemic, but was frustrated that most stock market educators, including her own father, used market jargon that seemed impenetrable to a newcomer. "I recognized that there were probably a lot of people like myself who just couldn't follow the conversation," she told Business Insider.After learning online, she started making TikToks to explain financial concepts in ways that people without backgrounds in finance could understand and enjoy. In one TikTok, she stands up and mimics the movement of a charging bull to explain the origins of the term "bull market".As a relatively new investor herself, she says she only posts videos explaining concepts she truly understands, and she discloses to her 60,000 followers that she's a beginner and wants to "learn stocks together" with them. One of her most liked TikToks is a <a href="https://www.tiktok.com/@robinhoodkid/video/6905851518486908165">video where she explains options trading</a>. In the video, Kilbride uses an analogy that compares buying a makeup palette from Ulta that you suspect will go up in price the next day. "I have a lot of men who are like, I don't even wear makeup...and I'm understanding this better than I ever have before," she said.&lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@robinhoodkid/video/6905851518486908165" data-video-id="6905851518486908165" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@robinhoodkid" href="https://www.tiktok.com/@robinhoodkid"&gt;@robinhoodkid&lt;/a&gt; &lt;p&gt;Girls Talk Stocks: Episode 1. Reply to @thealexcruz &lt;a title="fyp" target="_blank" href="https://www.tiktok.com/tag/fyp"&gt;#fyp&lt;/a&gt; &lt;a title="stocks" target="_blank" href="https://www.tiktok.com/tag/stocks"&gt;#stocks&lt;/a&gt; &lt;a title="stockmarket" target="_blank" href="https://www.tiktok.com/tag/stockmarket"&gt;#stockmarket&lt;/a&gt; &lt;a title="teachersoftiktok" target="_blank" href="https://www.tiktok.com/tag/teachersoftiktok"&gt;#teachersoftiktok&lt;/a&gt; &lt;a title="calls" target="_blank" href="https://www.tiktok.com/tag/calls"&gt;#calls&lt;/a&gt; &lt;a title="options" target="_blank" href="https://www.tiktok.com/tag/options"&gt;#options&lt;/a&gt; &lt;a title="girlstalkstocks" target="_blank" href="https://www.tiktok.com/tag/girlstalkstocks"&gt;#girlstalkstocks&lt;/a&gt; &lt;a title="trading" target="_blank" href="https://www.tiktok.com/tag/trading"&gt;#trading&lt;/a&gt;&lt;/p&gt; &lt;a target="_blank" title="♬ WITHOUT YOU - The Kid LAROI" href="https://www.tiktok.com/music/WITHOUT-YOU-6892161420423596034"&gt;♬ WITHOUT YOU - The Kid LAROI&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;<h3>Errol Coleman, @errol_coleman, 224,000 followers </h3>Errol Coleman joined TikTok in February, seeing an opportunity to reach an audience of people who wanted to learn about the stock market online. <a href="https://www.tiktok.com/@errol_coleman/video/6908851743342316806">Coleman explains technical analysis patterns</a>, trading psychology, and individual stock picks to his 224,000 followers, with a healthy dose of memes about the life of a trader. Coleman has been trading for over four years and admits he made a lot of mistakes in the beginning, and wants to help others avoid them."When I first learned, I just thought it was so confusing and it would have cut my learning curve in half if there was just someone that could just tell me like, hey, don't do this and don't do this," Coleman told Business Insider. &lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@errol_coleman/video/6908851743342316806" data-video-id="6908851743342316806" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@errol_coleman" href="https://www.tiktok.com/@errol_coleman"&gt;@errol_coleman&lt;/a&gt; &lt;p&gt;Basically you want more than just a pattern to justify your entry&lt;/p&gt; &lt;a target="_blank" title="♬ original sound - Errol Coleman" href="https://www.tiktok.com/music/original-sound-6908851852293556998"&gt;♬ original sound - Errol Coleman&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;Read more:<a href="https://www.businessinsider.com/trading-strategy-how-jeff-neumann-surpassed-1-million-first-year-2020-12">Market wizard Jeff Neumann started trading with $2,500 and grew it to $50 million. He shares 6 timeless rules that helped him reach millionaire status in his first year.</a><h3>Austin Hankwitz, @austinhankwitz, 434,000 followers</h3>Austin Hankwitz works professionally as a strategic financial analyst and discusses his opinions on individual stocks, but also <a href="https://www.tiktok.com/@austinhankwitz/video/6904440291990818054">shares tips with his followers on how to select good companies to invest in</a>. He tells viewers how to find investor presentations, how to look into SEC filings, and how to read a balance sheet and interpret growth metrics."I always, always, always tell people like, do not blindly follow anything I say. What I want to do is I want to enable you and educate you on how to do this yourself," he told Business Insider.Hankwitz initially turned to Youtube to create stock market content, but realized he wasn't able to compete with creators who were already established on that platform. He said TikTok is more accessible for new creators, and it's algorithm enables videos from new creators to go viral."I'm not an editor. I don't have the software and the know-how and all these other different things to make really, really good content that competes with [Youtube creators]," he said. " But what I do have is a cell phone that I can download TikTok onto and point my camera towards my computer screen and just talk about what's on my mind."&lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@austinhankwitz/video/6904440291990818054" data-video-id="6904440291990818054" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@austinhankwitz" href="https://www.tiktok.com/@austinhankwitz"&gt;@austinhankwitz&lt;/a&gt; &lt;p&gt;If you plan to be a long-term investor into DoorDash, consider waiting for them to cool down - &lt;a title="investing" target="_blank" href="https://www.tiktok.com/tag/investing"&gt;#investing&lt;/a&gt; &lt;a title="stocks" target="_blank" href="https://www.tiktok.com/tag/stocks"&gt;#stocks&lt;/a&gt; &lt;a title="personalfinance" target="_blank" href="https://www.tiktok.com/tag/personalfinance"&gt;#personalfinance&lt;/a&gt; &lt;a title="entrepreneur" target="_blank" href="https://www.tiktok.com/tag/entrepreneur"&gt;#entrepreneur&lt;/a&gt;&lt;/p&gt; &lt;a target="_blank" title="♬ original sound - Austin Hankwitz" href="https://www.tiktok.com/music/original-sound-6904440201116945157"&gt;♬ original sound - Austin Hankwitz&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;<h3>Collin Miciunas @mainstreetwolf, 248,400 followers</h3>Collin Miciunas is a senior financial analyst who runs @mainstreetwolf. He creates educational videos that range from explanations of basic concepts like what a dividend is to describing advanced options strategies. He said TikTok is a good platform to make <a href="https://www.tiktok.com/@mainstreetwolf/video/6902588985231674630?lang=en">short videos that can be both educational and humorous</a>, but it can also be risky for new investors. "I always put a disclaimer in the comments saying options are risky," Miciunas told Business Insider. "Basically in order to even touch options, you should have a solid financial grounding, meaning the money that you're depositing into any trading account you should consider basically lost"He tells his 248,000 followers to always do their own research before investing."I'm not really giving advice. It's more of like, this is what I'm doing," he said. &lt;blockquote class="tiktok-embed" cite="https://www.tiktok.com/@mainstreetwolf/video/6902588985231674630" data-video-id="6902588985231674630" style="max-width: 605px;min-width: 325px;" &gt; &lt;section&gt; &lt;a target="_blank" title="@mainstreetwolf" href="https://www.tiktok.com/@mainstreetwolf"&gt;@mainstreetwolf&lt;/a&gt; &lt;p&gt;The one investment to rule them all. Aka Tesla&lt;a title="investing" target="_blank" href="https://www.tiktok.com/tag/investing"&gt;#investing&lt;/a&gt; &lt;a title="stocks" target="_blank" href="https://www.tiktok.com/tag/stocks"&gt;#stocks&lt;/a&gt; &lt;a title="stockmarket" target="_blank" href="https://www.tiktok.com/tag/stockmarket"&gt;#stockmarket&lt;/a&gt; &lt;a title="invest" target="_blank" href="https://www.tiktok.com/tag/invest"&gt;#invest&lt;/a&gt; &lt;a title="stocktok" target="_blank" href="https://www.tiktok.com/tag/stocktok"&gt;#stocktok&lt;/a&gt;&lt;/p&gt; &lt;a target="_blank" title="♬ Killing Me Softly With His Song - Fugees" href="https://www.tiktok.com/music/Killing-Me-Softly-With-His-Song-6771859436953717509"&gt;♬ Killing Me Softly With His Song - Fugees&lt;/a&gt; &lt;/section&gt; &lt;/blockquote&gt; &lt;script async src="https://www.tiktok.com/embed.js"&gt;&lt;/script&gt;Read more:<a href="https://www.businessinsider.com/top-wall-street-investors-of-2020-stock-picks-2021-outlook-2020-12">We spoke with Wall Street's 9 best-performing fund managers of 2020 to learn how they crushed the chaotic market - and compile the biggest bets they're making for 2021</a>

5 TikTok creators explaining the stock market to a new generation of investors

<ul class="summary-list"><li>41% of Gen-Z investors use <keyword id="6354632" type="UNKNOWN" weightage="60" keywordseo="social-media">social media</keyword> to educate themselves on investing, <keyword id="6405604" type="ORGANIZATION" weightage="60" keywordseo="fidelity">Fidelity</keyword> said. </li><li>People in <keyword id="159493" type="PERSON" weightage="60" keywordseo="Gen-Z">Gen Z</keyword> who are interested in investing often turn to <keyword id="6762469" type="UNKNOWN" weightage="60" keywordseo="TikTok">TikTok</keyword> and <keyword id="819905" type="COMPANY" weightage="60" keywordseo="Instagram">Instagram</keyword> first before going to family and friends.</li><li>Many Gen Z individuals were prompted by recent meme-stock mania to start learning about investing. </li></ul>Gen Z was "awakened" to investing amid the meme-stock mania this year, and now they're turning to social media for advice. A new report from Fidelity showed more than half of Gen Z-aged people surveyed made a trade in the first three months of 2021 when the meme-stock craze took hold, with GameStop leading the way. Now, the generation of young adults aged 18-24 is wanting to educate themselves, and they're turning to social media sites like TikTok and Instagram for help.About 41% of Gen-Z investors use social media to educate themselves on investing, the survey showed. That's more than their older counterparts, with 38% of Millennials and 25% of Generation X using the platforms for advice.Kelly Lannan, Fidelity's vice president of young investors, said social media is the most likely place Gen-Z investors turn to first when seeking advice. After that, they most likely seek advice from people close to them before going to financial services platforms."Good or bad people are still turning to social media," Lannan told Insider in an interview. Whether it's TikTok, YouTube, or Instagram, "We want to be there, so we can make sure that we are doing our part in ensuring that Gen Z is getting the right information, and they're not just listening to someone who wants to be famous on these platforms," she said. Nearly half of Gen Zs surveyed said they're feeling more educated to motivate themselves on trading and investing. "That's a really good thing if people are starting to ask questions and engage more with their finances," Lannan said.The <a href="https://www.businessinsider.com/tik-tok-stock-market-investing-creators-explaining-new-generation-investors-2020-12?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">investing side of TikTok</a>, better known as "StockTok," is blowing up, and the hashtag "#investing" has garnered more than 2.8 billion views. Many of the videos are <a href="https://www.businessinsider.com/tik-tok-stock-market-investing-creators-explaining-new-generation-investors-2020-12?utm_source=markets&amp;utm_medium=ingestgest">centered around advice and education</a>. Some provide useful tips while <a href="https://markets.businessinsider.com/news/stocks/tiktok-investing-advice-rate-review-financial-experts-stock-market-education-2021-6-1030517352">others miss the mark</a>. For young investors, stocks are the most popular, with growth and dividend stocks being the most popular, and meme stocks closer to the bottom of the pool, according to a <a href="https://markets.businessinsider.com/news/stocks/stocks-are-king-among-genz-millennials-meme-stocks-are-not-2021-5-1030452750?utm_source=markets&amp;utm_medium=ingestgest">recent survey from the Motley Fool</a>. Even so, many Gen Zs started learning more about the stock market when an army of retail traders mobilized on <keyword id="334157" type="COMPANY" weightage="60" keywordseo="Reddit">Reddit</keyword>'s Wall Street Bets poured into GameStop along with other so-called meme stocks to drive a short squeeze. About 58% of the young group said it was "more excited" to learn about the stock market following the meme-stock market volatility, the survey showed.

Meme mania pushed Gen Z into the stock market - and now they're learning investing fundamentals from TikTok and Instagram

<ul class="summary-list"><li>A Wells Fargo survey showed that 45% of teens think they know more about <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword> than their parents. </li><li>The study found that over a third of teens learn about finance from <keyword id="6354632" type="UNKNOWN" weightage="60" keywordseo="social-media">social media</keyword>.</li><li>On social media platforms like TikTok, so-called 'finfluencers' explain stocks, crypto and <keyword id="35175" type="ORGANIZATION" weightage="60" keywordseo="investing">investing</keyword>. </li></ul>Teenagers have a reputation for firmly believing they know way more than their parents. In the case of cryptocurrencies, almost half of them say they know more about these digital assets than Mom and Dad, and any interest they have in finance has been thanks to social media, a Wells Fargo <a href="https://newsroom.wf.com/English/news-releases/news-release-details/2021/Social-Media-Increases-Teenage-Interest-in-Wall-Street-Wells-Fargo-Survey-Finds/default.aspx">survey</a> published earlier this week found. Traditionally, parents have usually passed on financial knowledge and expertise about money and investing to their children. The survey showed almost two out of three kids, or 57% of those polled, still agree this is the case, although this dynamic is shifting when it comes to <keyword id="6357017" type="DEFINITION" weightage="60" keywordseo="cryptocurrency">cryptocurrency</keyword>. The Wells Fargo Parent-Teen Study on investing included 318 teens between the ages of 13 and 17, and 304 parents of teens who are 13 to 17.The survey showed 50% of parents said their teen knew more about bitcoin than they did, while a similar percentage - 45% - of teenagers felt their knowledge of crypto topped that of their parents. The survey also found teen boys were more likely to say they know more than their parents about bitcoin than girls. 58% of boys polled said this was the case, while only 33% of girls surveyed agreed, Wells Fargo said.In some cases this has even led to parents taking investment advice from their children - 19 year old Adam Mlamali, who has invested in stocks and has crypto holdings, for example regularly gives his mother financial advice - including telling her when to sell her bitcoin. He believes that his mom seeing him take risks and reap profits as a result made her want to get involved, he told Insider. "She likes it when I explain my analysis to her and will then consider if she would like to invest and how much." Adam told Insider. Cryptocurrencies are <a href="https://markets.businessinsider.com/currencies/news/millennials-investing-crypto-boom-bitcoin-ether-cryptocurrency-young-investors-2021-5-1030432496">especially popular topics on social media</a> - where 35% of teens say they get at least some of their financial education. Parents seem to be unaware of this - only 12% said their children learnt about finance online in the Wells Fargo study. TikToks that are tagged with #bitcoin have 3.6 billion views on the social media platform and #crypto renders 3.4 billion views. On a broader scale, #fintok, which is the financial niche on TikTok, boasts 357.3 million clicks and #stocktok, where TikTokers talk about their top stock picks and investments, has 1.2 billion hits. So-called 'finfluencers', many of whom have over 100,000 followers, use social media platforms like TikTok to talk about their own investment strategies and journeys, share their top stock picks and provide financial education. Video titles range from "3 stocks that will double in 2021" over "How to turn $100 into $7,000 in crypto" to "3 steps to start investing" and "Taking out $ from a Roth IRA". Not all 'finfluencers' are qualified financial professionals or have formal investment education. Social media's power to move <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> also appears interesting to teens - 45% of those surveyed said the social media led GameStop saga that caused chaos on markets earlier in the year got them hooked on finance. Reddit's WallStreetBets page, where much of the GameStop short squeeze began, has over 10 million members. It also played a major role in the accelerate growth of dogecoin and is currently driving the AMC Entertainment craze - retail traders had organised themselves online, investing in the company's stock and skyrocketing it's stock price. "Social media has a profound influence on our younger generations. Those generations grew up with social media and often trust many of the platforms more than their parents do," Mariana Martinez, a family dynamics consultant with Wells Fargo's Wealth &amp; Investment Management group, said.

45% of teens think they know more about crypto than their parents - and social media got them hooked, study finds

<ul class="summary-list"><li>There has been an increase of financial education and advice content on <keyword id="6354632" type="UNKNOWN" weightage="60" keywordseo="social-media">social media</keyword> apps, enticing <keyword id="1875535" type="PERSON" weightage="60" keywordseo="Young-Investors">young investors</keyword>.</li><li>Recent research shows that young investors are following riskier, more short-term strategies to make profits.</li><li>'Finfluencers' and money experts alike urge have urged young investors to be cautious.</li></ul>The rise of 'finfluencers' and huge surge in financial content on platforms like <keyword id="6762469" type="UNKNOWN" weightage="60" keywordseo="TikTok">TikTok</keyword>, Instagram and Twitter over the past 18 months has hooked a new generation on finance and investing. Young investors are spending their spare cash on <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">cryptocurrencies</a> and stocks - with a large number of them following the advice they got from scrolling through social media, lured in by promises to get rich quick and beat the system. Videos tagged #finance, #investing or #stocktok on TikTok have billions of views - a total of 7.5 billion at time of writing. Clips hyping stocks that are "going to the moon", promising consumers they can easily turn $10 into $10,000 or kickstart a "doge revolution" dominate the financial social media scene and drown out educational content. "The FOMO culture that dominates social platforms like TikTok, Reddit and Instagram has become a breeding ground for the marketing of high-risk investments shunned by the mainstream investment industry - often for good reason." Myron Jobson, personal finance campaigner at Interactive Investor, told Insider. Recent surveys have shown young investors are pursuing riskier strategies than older generations. Last month, Barclays research showed <a href="https://markets.businessinsider.com/news/stocks/gen-z-investing-risk-appetite-barcalys-survey-social-meida-fintok-2021-6">21% of Gen Z investors are investing to take advantage of current market conditions</a> and 16% are trying to "play the <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>". Interactive Investor published a survey earlier this month showing <a href="https://markets.businessinsider.com/currencies/news/millennial-crypto-investing-interactive-investor-survey-bitcoin-dogecoin-2021-7">more than half of young investors who have purchased bitcoin or dogecoin have done so using debt</a> from credit cards, student loans and other types of loans. A Motley Fool study conducted earlier this year showed that amongst Gen Zers particularly, <a href="https://markets.businessinsider.com/news/stocks/stocks-are-king-among-genz-millennials-meme-stocks-are-not-2021-5">social media plays a key role in how they make their financial decisions</a>. Not all financial social media content can however be labeled the same. With the same hashtags that promote questionable investment and financial advice, there are videos with sound advice explaining Roth IRAs, how to increase your credit score or the benefits of long-term <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">investing</a>. Tori Dunlap, a money expert who started her first business at age nine and accumulated $100,000 worth of savings by age 25, is one of the 'finfluencers' who shares such content as part of her brand Her First $100K on TikTok. She said even before TikTok, bad financial advice was everywhere - it was just delivered through a different medium. Her main issue with the app is the 60-second time limit on videos. This feature was recently removed, but longer videos are still rare. "I have a lot of parameters because I only have a minute and so I am using TikTok hopefully for folks as a jumping off point of like 'I'm giving you this bit of education, now go read about it,'" she said in a recent <a href="https://markets.businessinsider.com/news/stocks/robinhood-retail-trading-tori-dunlap-young-investors-harmful-risk-2021-7">interview</a> with Insider. Dunlap believes problems arise when consumers stop questioning the content they are taking in - after receiving good advice once, it's easy to keep trusting what you see online, she said. "You have to go 'does this seem too good to be true?' and if it seems too good to be true, it probably is. Or, just google the person." she said. Jobson agrees - he recognizes some content is helpful, but warns consumers to approach online investment advice with caution and to check the credibility of those who are giving it. "There are some good materials out there to help people on their investment journey, but, more generally, we have seen concerning social media posts." he said. "The advent of broader online 'influencers' has seen rise of so-called 'financial influencers' - many of whom haven't got a clue on what they are talking about to put it bluntly." <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/twitter-built-on-blockchain-will-let-users-monetise-their-posts-and-come-up-with-their-own-rules/articleshow/84548663.cms">Twitter alternative built on Ethereum will let users monetise their posts and come up with their own rules</a> <a href="https://www.businessinsider.in/cryptocurrency/news/ethereums-co-founder-quits-crypto-with-a-big-warning/articleshow/84547141.cms">Ethereum’s co-founder wants to be more than just ‘the crypto guy’ as he exits the industry</a> <a href="https://www.businessinsider.in/cryptocurrency/news/dogecoin-jumps-10-after-elon-musks-twitter-profile-picture-change/articleshow/84544778.cms">Dogecoin jumps 10% after Elon Musk’s Twitter profile picture change</a>

Social media has hooked young investors on finance, but a growing number are taking more and more risks. 'Finfluencers' and money experts say it's time for some caution.

<ul class="summary-list"><li>The <keyword id="6762469" type="UNKNOWN" weightage="60" keywordseo="TikTok">TikTok</keyword> hashtag "#investing" has amassed over 2.8 billion views on the mobile video app as young people flock to the platform to learn about the stock market. </li><li>While there's plenty of helpful information, there's also a lot of bad advice. </li><li>Insider asked two financial experts to watch and review nine popular <keyword id="11433898" type="UNKNOWN" weightage="60" keywordseo="tiktok-investing">TikTok investing</keyword> videos with questionable advice. Here's what they had to say.</li></ul>The <a href="https://www.businessinsider.com/tik-tok-stock-market-investing-creators-explaining-new-generation-investors-2020-12">investing side of TikTok</a>, better known as "StockTok", is ballooning, with the TikTok hashtag "#investing" garnering over 2.8 billion views. Many videos with tagged with #investing are centered around investing tips, and novice traders on the app have said they often <a href="https://markets.businessinsider.com/news/stocks/stocks-are-king-among-genz-millennials-meme-stocks-are-not-2021-5-1030452750">heed the advice.</a>Thirty-six-year-old Douglas Boneparth, who provides <keyword id="9223586" type="UNKNOWN" weightage="60" keywordseo="investing-advice">investing advice</keyword> to Millennials through his firm Bone Fide Wealth, said he loves the greater attention given to the world of investing through <keyword id="6354632" type="UNKNOWN" weightage="60" keywordseo="social-media">social media</keyword>. But with the democratization of the stock market comes a lot of misinformation and "cringe.""It can get loud and noisy, and if you follow the wrong thing you can make some mistakes you really regret," he said.Insider asked three market experts for their take on nine popular TikTok investing videos with questionable advice. Boneparth, along with Sam Stovall, chief investment strategist at CFRA, spoke with Insider for the story. Five of the TikTokers did not respond to Insider's request for comment, and two couldn't be reached through social media. <h3>Video: "<a href="https://www.tiktok.com/@kriskrohn/video/6849097426012261637?_d=secCgYIASAHKAESMgowiGvptuD%2BwHkKKaJ30p%2BdF4g%2BCggzuQGb6UPpxao0FbmYfy8xjp0lipiwEtO3vcNtGgA%3D&amp;checksum=2a786d13db2b695bdb8173af8843b7a749aa6bd23f74c7a8186066d9708af511&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAAf_RQQaHVRPUqM-HLzxE01rgy2hW8wlCi9wcpQn2xjn0z70hOxkWQgGq_qfUeVPrN&amp;share_app_id=1233&amp;share_item_id=6849097426012261637&amp;share_link_id=4176BB72-BCA2-4CEC-8BD1-06B45621BA24&amp;source=h5_m&amp;timestamp=1623264094&amp;tt_from=more&amp;u_code=dg48b4be354a3l&amp;user_id=6907269512677327877&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=more&amp;_r=1ign=client_share&amp;utm_medium=ios&amp;utm_source=more&amp;_r=1">Max out your 401K could be the dumbest advice</a>"</h3><div type="image" title="TikTok bad investing advice" height="792" width="1584" msid="83461319" hostid="261"></div>Kris Krohn, @kriskrohn, advised his 832,000 followers to avoid the "401K scam" in an August 2020 video. Krohn, known for his real estate-investing advice, said "max out your 401K could be the dumbest advice that I've ever heard for anyone that wants to take control of their financial future.""I admire his passion and love for real estate, but this is just factually incorrect," Boneparth said. "A 401k is not a scam, it offers tax advantages."Sam Stovall said the advice is good "only if you like to throw away money, and if you are a believer in illogical conclusions.""Maxing your company's 401K match will get you free money, since the company will give you - free of charge - all or some of your contributions," Stovall said. Plus he said <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword>, which 401Ks can invest in, have delivered an 11% compound annual total return since 1946, not the 1% Krohn claimed in the video. The retirement accounts can ensure "the building of a substantial retirement nest egg," he said.<h3>Video: "<a href="https://twitter.com/TikTokInvestors/status/1394322285914324992?s=20">How to make a million dollars or more with very little effort</a>" </h3><div type="image" title="TikTok Investing advice" height="1234" width="2468" msid="83461320" hostid="261"></div>The @teen.executive account, which has 187,500 followers, said people can make a million dollars or more if they use soap and shampoo samples from hotels, saving about $45 per month, and investing those savings into the S&amp;P 500.Stovall said that practically saving money whenever possible and investing those savings "is indeed useful advice toward becoming a millionaire by the time you retire."But, "who's spending $45 a month on soap?" Boneparth said, "and you still have to pay for the hotel room." Boneparth, who wondered if the video was made as a joke, said penny pinching on the small things isn't the path to financial independence."Soap alone isn't going to get you a million dollars here."<h3>Video: "<a href="https://twitter.com/TikTokInvestors/status/1350854473598558213?s=20">I see a stock going up, and I buy it</a>"</h3><div type="image" title="TikTok bad advice" height="1049" width="2098" msid="83461321" hostid="261"></div>The couple from the @chadandjenny account told their 116,000 followers that they make money by buying stocks that go up and then selling at the top. The video's advice reminded Stovall of a humorous quote from the Great Depression to buy stocks "that go up, and if they don't go up, don't buy them."Boneparth said the couple is actually describing momentum trading, in which investors have to time the market, which is "very difficult.""You can be very wrong trying to do momentum trading and guess when the stock is going to go up or down," he said.From a constructive perspective, the video "encourages novice investors to learn about technical analysis, focusing on: turnaround spotting, trend following, and topping patterns," Stovall said. In a response to Insider on TikTok, the user said, "The strategy I use specifically is referred to as scalping." He said it's "similar to momentum trading but much more short term."<h3>Video: <a href="https://twitter.com/TikTokInvestors/status/1399731697176834052">AMC could reach $100,000 per share or more</a></h3><div type="image" title="TikTok bad investing advice" height="1227" width="2454" msid="83461322" hostid="261"></div>Amid the resurgence in meme-stock mania around <keyword id="320652" type="COMPANY" weightage="60" keywordseo="AMC-Entertainment">AMC Entertainment</keyword>, the @atomcash account, which has 1,400 followers, said, "Mathematically speaking, it is statistically possible that AMC can reach anywhere from 100k a share to 500 or even a million dollars a share.""There is a huge difference between being 'statistically possible' and 'realistic,'" Stovall said.At even just $1,000 per share, the company, which is currently trading at all-time highs around $45, would be a $500 billion business."It's just absolutely ludicrous to think that AMC, a company that's bleeding cash and trying to shore up its balance sheet and survive would be worth something slightly less than Tesla," Boneparth said. <h3>Video: <a href="https://www.tiktok.com/@ceowatchlist/video/6969970665101249797?_d=secCgYIASAHKAESMgowv5ewiDRSMrTIoa%2Fgi6s2afXSCz1XQFQux1VtJT49SI2RCk56k1Q5mOzsJWwWO16XGgA%3D&amp;checksum=d1b71df5801b4776b051199ce8bbdbc662fa1da5b3bf292c3e404eaeb6a0b49f&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAAf_RQQaHVRPUqM-HLzxE01rgy2hW8wlCi9wcpQn2xjn0z70hOxkWQgGq_qfUeVPrN&amp;share_app_id=1233&amp;share_item_id=6969970665101249797&amp;share_link_id=C36E0ECC-1D66-4E03-8B29-A736A3CC71EA&amp;source=h5_m&amp;timestamp=1623160722&amp;tt_from=more&amp;u_code=dg48b4be354a3l&amp;user_id=6907269512677327877&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=more&amp;_r=1ign=client_share&amp;utm_medium=ios&amp;utm_source=more&amp;_r=1">"Buy what rich investors buy"</a></h3><div type="image" title="Tik Tok investing screenshot" height="642" width="1285" msid="83461323" hostid="261"></div>The creator behind @ceowatchlist publishes regular TikToks encouraging his 822,000 followers to track public investing records of CEO's, senators, and other rich people and buy what they buy. It's a piece of advice that a lot of investors follow, seeing how many attend the Berkshire Hathaway annual meeting and read Warren Buffett's letter to investors, Stovall said. "A problem with buying what rich people own, however, is that these rich people probably don't publish a newsletter telling when to buy and sell, along with publishing a track record," Stovall added. "Therefore, blindly buying what rich people own means you may get in late and never know when to get out."<h3>Video: <a href="https://www.tiktok.com/@chris.stocks/video/6961823977576746246?lang=en&amp;is_copy_url=1&amp;is_from_webapp=v1ebapp=v1">"Support and resistance lines will show you when to buy and sell"</a></h3><div type="image" title="technical analysis" height="616" width="1233" msid="83461324" hostid="261"></div>Tik Tok Creator @Chris.stocks detailed to his followers what a support and resistance level is, and said when you see a stock nearing it's support or resistance level, you can predict what's going to happen, and make money. "That is much of the basis behind technical analysts. 'The trend is your friend until it ends,'" said Stovall.Boneparth said the video is a foray into how to use technical analysis for trading, but warned that the skill takes time to practice."There's no secret formula to getting rich," said Boneparth. "I'm glad people are getting interested but that's not long-term investing. You just can't watch this video and go buying and selling.<h3>Video: <a href="https://www.tiktok.com/@realitycheck2020/video/6968519226013355269?lang=en&amp;is_copy_url=1&amp;is_from_webapp=v1ebapp=v1">"Your money loses value in a retirement account"</a></h3><div type="image" title="tiktok screenshot" height="639" width="1279" msid="83461325" hostid="261"></div>In another TikTok video slamming retirement accounts, @realitycheck2020 says that investors shouldn't use retirement funds, as those charge fees while your money loses value. His solution is for investors to put money in an S&amp;P 500 index fund, and then look for opportunities in new IPOs, cryptocurrencies, and real estate.Stovall clarified that most retirement accounts allow you to invest in the S&amp;P 500 at a low cost.Boneparth summed up this video has "really broad financial advice from someone spouting their opinions about asset classes.""It's not backed with any information that would help someone. It's all predicated on FOMO, of a market that's been treating investors well for taking risk," he said.<h3>Video: <a href="https://www.tiktok.com/@tdorriz/video/6939619467160833286?_d=secCgYIASAHKAESMgowWbZ8Ku8QlpCBS25EZ1cupPFYB1p8QtZHYyAfh2mPbNTfJ9hiRkM%2FlVO42Rrk%2F8g2GgA%3D&amp;checksum=469377ccd19e163495bac03a32a28f7e36701845ecde8131d889b4d2d573d768&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAAf_RQQaHVRPUqM-HLzxE01rgy2hW8wlCi9wcpQn2xjn0z70hOxkWQgGq_qfUeVPrN&amp;share_app_id=1233&amp;share_item_id=6939619467160833286&amp;share_link_id=F7813227-BD0A-47C0-96A7-43B17F4996C8&amp;source=h5_m&amp;timestamp=1623437927&amp;tt_from=copy&amp;u_code=dg48b4be354a3l&amp;user_id=6907269512677327877&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=copy&amp;_r=1ign=client_share&amp;utm_medium=ios&amp;utm_source=copy&amp;_r=1">"SPACs only go up"</a></h3><div type="image" title="tiktok" height="626" width="1252" msid="83461327" hostid="261"></div>@tdorriz tells Tik Tok that investors can turn their $1,400 "stimmy" (stimulus) into $10,000 by buying SPACs that are about to acquire a target company. "If these target companies are any good, these stocks will easily double or triple overnight," @tdorriz said in a TikTok Boneparth said this investor is incorrectly linking correlation and causation, and urged investors to do their own due diligence. "To just go buy any SPAC and not understand is a disservice," said Boneparth. "This advice assumes that all SPACs make money. There are no investment guarantees!" Stovall added.In a response to Insider on Twitter, the TikToker said the idea "flopped," but noted his video was just his opinion not advice. "80% of the stocks I buy go up in my opinion," he said in a message.<a href="https://twitter.com/TDorriz"></a><h3>Video: <a href="https://www.tiktok.com/@rickrahim/video/6962265517872778502?_d=secCgYIASAHKAESMgowtcGr%2F8UOUO%2BWJyrfejmuD%2BPJ8R1oBXyJOpFq9XQc41NqB7AFAdS%2FLFt5DmkeDFIlGgA%3D&amp;checksum=52d78fe3d480949c68af21489bf19e4077d8a7b125f338634250762dca2f0ce7&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAAf_RQQaHVRPUqM-HLzxE01rgy2hW8wlCi9wcpQn2xjn0z70hOxkWQgGq_qfUeVPrN&amp;share_app_id=1233&amp;share_item_id=6962265517872778502&amp;share_link_id=6DF8BE9B-32D9-489D-BC97-5AABF579D6D0&amp;source=h5_m&amp;timestamp=1623438116&amp;tt_from=copy&amp;u_code=dg48b4be354a3l&amp;user_id=6907269512677327877&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=copy&amp;_r=1ign=client_share&amp;utm_medium=ios&amp;utm_source=copy&amp;_r=1">"Invest with cryptocurrency using a loan"</a></h3><div type="image" title="tiktok screenshot horrible investing advice" height="687" width="1374" msid="83461331" hostid="261"></div>A TikTok from @rickrahim tells investors to take out a low interest loan, "plow it all into crypto," and take out a tiny bit of profits each month to make monthly interest payments. Boneparth and Stovall both had strong reactions to this one. "If he's trolling, very funny. If he's not, that's an extremely dangerous, borderline stupid idea," Boneparth said. " Do not lever yourself to invest in any speculative assets. The risk is not worth the reward. Very dangerous, terrible, terrible financial advice.""Anyone who believes that a particular asset class 'always goes up' deserves to lose money," Stovall said. "Also, why compound a possible mistake by taking out a loan (which carries its own cost) to purchase the investment you didn't bother to research, or, worse yet, buying on margin? You'll only end up losing more than you initially invested."Read more: <a href="https://www.businessinsider.com/crypto-bitcoin-investing-strategy-tiktok-influencer-pablo-heman-forecast-explanation-2021-6">A TikTok crypto influencer with nearly 600,000 followers explains why bitcoin is at risk of tumbling 30% in the next couple of weeks - and unpacks the tools he uses to determine price predictions</a>

You Searched For "stocktok" and got 7 results

Gen Z investors are taking more risks, picking up bad investing habits in the hunt to get rich quick, survey finds

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45% of teens think they know more about crypto than their parents - and social media got them hooked, study finds

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Social media has hooked young investors on finance, but a growing number are taking more and more risks. 'Finfluencers' and money experts say it's time for some caution.

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TikTok's 9 most popular pieces of investing advice, rated and reviewed by 2 financial experts

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