"Why aren't more millenials financially savvy"
"LOL. Look at those dummies trading stocks".
I stopped reading when I realized this was a hit piece against Robinhood when they brought up the leverage bug. It wasn't Robinhood's fault, it's not like they told the user to do it.
If anyone is to blame for the amount of dumb stock plays, it is Wall Street Bets (/r/wallstreetbets).
---
Also the reason young people flooded the market when the pandemic hit wasn't that we suddenly had time (not entirely at least), it was the many saw the market as overheated and not worth the price.
When stocks took a 30%+ dip in March, it was basically free money to buy them combined with the fact we could get in to huge share prices with fractional shares.
Once again, I have to say: Millienials and Gen Z are much smarter than they are given credit for. Gen X+ should be asking themselves why they are making choices that Millenials and younger refuse to.
"LOL. Look at those dummies trading stocks".
I stopped reading when I realized this was a hit piece against Robinhood when they brought up the leverage bug. It wasn't Robinhood's fault, it's not like they told the user to do it.
If anyone is to blame for the amount of dumb stock plays, it is Wall Street Bets (/r/wallstreetbets).
---
Also the reason young people flooded the market when the pandemic hit wasn't that we suddenly had time (not entirely at least), it was the many saw the market as overheated and not worth the price.
When stocks took a 30%+ dip in March, it was basically free money to buy them combined with the fact we could get in to huge share prices with fractional shares.
Once again, I have to say: Millienials and Gen Z are much smarter than they are given credit for. Gen X+ should be asking themselves why they are making choices that Millenials and younger refuse to.