As Gen Zers opt for astrology to pick stocks, experts warn it's ‘neither optimal nor ideal'

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Stefaniya Nova is one of many other astrologists who are taking to TikTok to dole out their two cents on where to park your finances.

That is the kind of assessment 25-year-old Stefaniya Nova makes on a day-to-day basis — and she claims to have made $31,000 in profits using astrology to pick stocks in the past three to four months.Sign up for NBC San Diego newsletters.

This process has helped Nova rake in over $30,000 in the span of a few months since she quit her job as a tarot reader to become a day trader."I don't rely heavily on the news. It creates a noise in my head… I look at the stock. I try to see what my intuition tells me: what do I expect to happen? I rely more on myself," she added.

Relying on astrology for financial decisions is"neither optimal nor ideal," said Natasha Knox, founder of Alaphia Financial Wellness. The financial specialists who CNBC spoke to noted that oftentimes there could be confirmation bias at play which drives people to trust astrology for investing. The phenomenon is described as the tendency to ascribe fresh evidence to confirm one's existing theory or belief. That, combined with pure chance.

 

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