Would you turn to Reddit for investment ideas?

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Financial Times 12h ago

Would you turn to Reddit for investment ideas? - Financial Times

Quick Summary:

From prosecuting celebrity “finfluencers” who promote unauthorised financial trading schemes to highlighting the growing dangers of scams on its InvestSmart website, its actions are commendable — though what one domestic regulator can do to police a global content-generating machine is clearly limited.

In 2021, when Hargreaves last conducted this poll, 43 per cent of 18-34 year olds surveyed said they got their money knowledge from the websites of financial companies.

Of course, there is the risk that taking ideas from this forum could cause people to lose money, but there are high-profile disclaimers and an emphasis is placed on the difference between investing and gambling.