Social media: A credible tool for financial advice?

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Financial Futures,Roaring Kitty

The meme trading phenomenon was recently reignited by a single post to X from popular meme stock influencer 'Roaring Kitty.' With his return sending...

was recently reignited by a single post to X from popular meme stock influencer"Roaring Kitty." With his return sending shockwaves through financial markets, a crucial question emerges: can we entrust our financial futures to social media trends?

I'm kind of part of that community, but there always is, you gotta always err on the side of caution, right?You have to understand that unfortunately, some people romanticize the idea of trying to attain something that they probably never are gonna get.I think if we look back historically, especially with this roaring kitty that being the Gamestop, a lot of people actually fell victim, right?

And then you just gotta ask yourself, am I gonna be using money or investing money that my life's not gonna, you know, crash and burn in the event I lose it, right?So you don't truly wanna be risking money on a investment that has a lot of uncertainty that, you know, you can't afford to lose.

There are people that you know, are using, you know, bots that are making you think that this is advertisement when, in fact, they're trying to now drive the price up and make you want to buy it.Same thing when we talked about sports gambling right at the end of the day, when you see someone wager $20 and made $200,000 guess what that is advertising to hope that you yourself go do the exact same thing.

In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share.

 

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