What makes a stock’s price move? What you need to know | For My Money

Young Americans – including Generation Z and millennials – have turned to social media platforms like TikTok, Instagram, Facebook and Twitter for investing advice to get trade ideas and swap tips in a virtual trading floor.

But their newfound power on their smartphones comes with risks.

Financial regulators worry that this year’s viral trading craze of meme stocks and cryptocurrencies have fueled unrealistic expectations for first-time investors, who face the possibility of losing money due to the spread of misinformation and fraudsters, according to brokerage watchdog Financial Industry Regulatory Authority.

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[jacksperandrew]

Because of the economic crisis and the rate of unemployment now is the best time to invest and make money 💯

[georgefelix]

my advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.

[chrisleonard]

So, remain in being persistent in putting the same $ amount in, don’t die, and within time, make a hefty profit…cool.