4/11/2023 0 Comments 32 lives license reddit![]() ![]() There is no in-depth discussion of the specific risks endemic to investing in equity securities, cryptocurrencies, or short selling, although all of these concepts are mentioned in the video.If it were a broker dealer rep making this video, there would be a page and a half of disclosures and three weeks to get through the queue.Take this video, by ZipTrader, discussing three stock picks for February 2021: The lack of full and meaningful disclosure is ridiculous. Take for example this video that contains an affiliate link. Without a securities license, you can encourage people to open accounts at a certain brokerage firm to make the trades discussed in your videos and the brokers get a kickback from it. You can be handsomely compensated for ads placed on videos about stock trading. Financial keywords are among the more expensive ones on Google. Giving popular financial advice on the internet can be very lucrative. Instagram – 72% of people ages 13-17 and 67% of 18- to 29-year olds are users of this platform.Reddit – seventh most visited website in the US 23% of users between 25- and 29-years old and. ![]() TikTok – second most downloaded application behind Whatsapp, most users between 16- and 24-years old.“Can you show me again, Professor Grillo?” I adored my students, their curious faces lighting up as I sketched out the Markowitz frontier on the whiteboard. A young man, distraught over a six-figure loss in his Robinhood account that he did not understand, took his life last year.īefore I had my kids, I was an adjunct finance professor at a few universities in New York City. But it’s dangerous even in a booming market. Market crashes correlate with higher suicide rates. With zero commissions and easy access to leverage, those young adults are at risk of trading their lives away, literally. As of last June, 32% of Robinhood users were between 25 and 34 and half of them were first-time traders.According to Yahoo!finance, on Friday, January 9, in the midst of the GameStop frenzy, 600,000 people downloaded the Robinhood app.With 3 million new accounts opened in Q1 last year, Robinhood had twice as many new accounts opened than Schwab, TD, and eTrade combined.It is the new drug of choice for Generations Y and Z. The pandemic closed casino doors and opened sesame to a much more addictive and accessible form of gambling: online day trading. Online trading is the new drug of choice for the younger generations ![]()
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