Would you turn to Reddit for investment ideas?

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It’s no surprise that social platforms are the go-to place when industry communications appear designed to obfuscate

This article is the latest part of the FT’s Financial Literacy and Inclusion Campaign Should I borrow money to buy Nvidia stock? What could rate cuts mean for the performance of different market indices? And with all the effort share trading requires, would sticking to passive funds be a better bet? This is a small selection of live discussion threads about investing on Reddit, which was this week named as the most popular online platform for finding investment ideas in a survey carried out by...

The high cost of regulatory requirements means most advisers shun the mass market, but Jordan also blames films like the Wolf of Wall Street for glamorising trading and creating the perception that investing is only for the richest. “There’s not many films about index funds, for sure, but if there was, following the life story of someone who invested £50 a week could end up with them having a million pounds.” The interactive nature of social media is another huge draw.

 

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