VANCOUVER -- Thirty-eight per cent of young adults in B.C. who experience the ‘fear of missing out’ – commonly called ‘FOMO’ – also think that social media is a reliable source of investing information, according to a survey from the B.C. Securities Commission.
According to the securities commission, many younger adults and people who have FOMO say that failing to act immediately on a new investment might lead them to miss a good opportunity. “We also know that fraudsters put pressure on people to act quickly. It’s important to gather as much reliable information about an investment as you can before putting your money into it, and to not rush into it,” Muir said.
However, in reality, most legitimate investment opportunities are available to anyone with the money to invest.
Regulators far more worried about hedges potentially losing money to poor people who the media, politicians and wallstreet don't believe should be permitted to participate in the stock market and do well GME AMC
Isn't that what what drives the stock market?
Guys, need to make informed decisions when it comes to investments. The market doesn't care you lose your life savings and go into debt.