How ‘Free’ YouTube Finfluencers Advice Costs Investors
Finfluencers / Financial influencers on social media and easy-to-use investment apps have made stock market trading more accessible, often promoting high-risk investments with promises of quick wealth. While these influencers excel at storytelling, many lack formal financial expertise, and their advice can lead investors into volatile stocks, especially penny stocks, which are more likely to result in losses. Despite the ease of investing, experts warn that most investors lose money, and caution that wealth is built through long-term, disciplined strategies rather than speculative, high-risk trades.