Will You Follow Financial Advice From TikTok and YouTube?

Surveys show that 34% seek financial advice from TikTok, 33% obtain financial advice from YouTube, while only 24% seek advice from financial advisors.

avatarmgjk88
2024-02-04
Yes, here's my point of view: I mainly follow financial advice from Youtube as the video format tends to be longer in duration and can therefore delve deeper into the topic discussed.  I prefer videos that are evidence-based and with little bias towards their holdings. The topics of videos I watch are usually about the macroeconomy or about investment concepts such as margin trading and risk managememt. These help me to better understand the macroeconomy and learn about financial concepts. [Miser]   Occasionally, I would watch videos on portfolio reviews to get inspired [Happy]  . However, by their very nature, it is impossible for financial advice from Youtube or TikTok to be the best as everyone's personal financial situation is different. Fin
avatarnomadic_m
2024-02-04
TikTok & YouTube are free social media platforms that provide information in bite sizes. pros & cons to free info available online. as long as gen z do their due diligence before diving in head first, no harm using these platforms as first point of financial advice
avatarGiantPinky
2024-02-04
avatarnewtoUS
2024-02-04
$Tiger Brokers(TIGR)$  [Tongue]  [Anger]  [Grin]  [Grin]  
avatarCory2
2024-02-03
I wonder about who creates the content on these sites/apps and for what agenda. I feel there are a lot of avenues for online information which are only there to make noise and steer you to a dead end. People go on and on about liquidity and how there’s not enough for everyone to get rich. So isn’t it in some of these “news” source companies to misinform the reader or viewer in order to get them to invest in chatter, rather than quality, good growth stocks using strong analysis of fundamentals, technicals, global business news etc.? Sorry, but for me “Motley Fool” is one of these chatter “news” sites. I used to follow some of their advice about “winning” stocks, and lost out every single time. They need some people to lose their $, so that prices of the real “winning” stocks can be relative
avatarTheStrategist
2024-02-03
$Tiger Brokers(TIGR)$ hahahah tiktok...are you serious??
avatarDiAngel
2024-02-03
I received my investment advice from my HNW friend. He is super good in FA but not good in TA. Whereas I m good in TA and almost up to date on the happenings to SG market. Thus, i relied on his FA to assist me on my entry to buy stocks. Sometimes, i do watch those youtube and cant help thinking whether they are providing real advices or basically trying to attack other youtube on some stocks. Anyway, pls DYODD after listening to youtube or tik tok.
avatarHappy Bear
2024-02-03
Replying to @koolgal:So many stuffs im receiving everyday from dozens of channels haha. I just think investing in dividends counters is the best. Just buy if low or u have spare cash, leave it tats it haha. Too much info just get things worse something//@koolgal:🌟🌟🌟Sharing is caring!  It is great to be part of our Wonderful Tiger Community where I get to read the best articles and learn from the experts and other Tiger Friends.  Apart from this, I love to read blogs from Ray Dalio who is a fount of wisdom.  Locally I also read Dr Wealth and Beansprouts blogs too.   @MillionaireTiger  
avatarHappy Bear
2024-02-03
Replying to @koolgal:DYDD is always the best haha//@koolgal:🌟🌟🌟Investing is very much a personal journey and while it is good to learn from the experts, it is important to be cognitive of the pitfalls of following blindly.  I like to read the latest news from Wall Street Journal, Reuters as well as our local papers like Business Times and the Edge.  I do watch YouTube videos too but I am selective on these.  I also subscribe to Tiger Trade Feeds where I can find out how some of my Tiger Friends are trading.  It is a valuable resource and together with other articles that Tiger Brokers post daily, I get a snapshot of the latest news on the financia
avataricycrystal
2024-02-03
Replying to @Universe宇宙:[Like] [ShakeHands]//@Universe宇宙:How do you get financial advice? TikTok or YouTube? Any other financial platforms to recommend? Leave your comments and also post to win tiger coins~ @Shyon @icycrystal @LMSunshine @melson @MHh @DiAngel @rL
avatarMrzorro
2024-02-03
I think I will just stick with my own research. If not pro financial advisor will be my first choice.
avataricycrystal
2024-02-03
some financial advisors have turned to Tik Tok / YouTube and other social media platforms to talk about financial, investment, etc. these are the platforms that can reach masses and gain a wider audiences. some of them are actual financial advisors while some... not quite so I guess it's good to listen to them (those legit ones), their analysis, explanation, etc... however, please do not take their words and invest blindly without doing further research as they may not be always right in their predictions. take charge of your own finances and investment and always trade within limit. always remember to have risk management and have a diversify portfolio. this way, you can ensure you sleep well at night. @
avatarBull Huang
2024-02-03
$Tiger Brokers(TIGR)$  Today,  the proliferation of financial advice on platforms like YouTube and TikTok has democratized access to investment strategies and financial education, but it also presents a unique conundrum regarding the reliability and motivations behind such advice. The allure of self-proclaimed financial gurus offering a pathway to wealth and financial freedom is undeniable, yet it's critical to approach their content with a healthy dose of skepticism. Many of these influencers are entangled with ulterior motives, primarily revolving around the sale of trading courses or services, which may not necessarily align with the best interests of their audience. A fundamental issue with following these financial gurus is the lack
avatarBonta
2024-02-03
When it comes to sg stock investments, i do follow content from https://singaporeanstocksinvestor.blogspot.com. AK71 has been doing dividend investing for many years and his passive income has reached jaw dropping levels. His 2023 annual passive income is $231,495.19. Almost 20k per month. When it comes to overall markets, i do follow @Adam Khoo for his insights, esp for us and china markets. He provides in depth analysis and shares his views freely. When it comes to options, i follow https://www.tastylive.com. They are option traders who share openly on option knowledge, strategies and also in depth analysis with regards to anything related to options. Key point that i have to emphasize is that, we can follow whoever we want, but
avatarBonta
2024-02-03
When i first started my investment journey, there wasn’t tiktok. Youtube was mainly used to watch funny or music videos. Maybe it was a gd thing then. I had to camp in libraries, borrow books to learn about investing. It was a slow and painful process. But i felt that it was worth it, as there are many frauds and self professed experts in youtube and social media. When we dig further into their background, there are those that have fake asset values showing fake results, those that only show winning trades, those that only have 1-2 years of experience and behave like they are subject matter experts, and they love to find income aside from stock or option investments (selling of courses and softwares, or “handholding”). Its wild wild west out there. Anyone can buy a gun and start shooting
avatarJamesang
2024-02-03
No I don't follow blindly 
avatarTigress02
2024-02-03
$Tiger Brokers(TIGR)$ Seeking expert help from a real world financial advisor is a hefty sum. For the average person, the alternative is to turn to social media. Although the cyber world is a treacherous place to seek professional advice, full of scammers and fraudsters that just want your money. But if you dare to tread the waters carefully and adhere to your own sound judgment, you might just come out alive and gotten what you’re looking for in the first place. The Information Superhighway (or Internet) contains a treasure trove of information that is just waiting to be discovered. 
avatarVonCat
2024-02-03
From reputable and reliable experts, trading platforms, social media, seminars, and webinars
avatarAuntieAaA
2024-02-03
GOOD
avatarTom Chow
2024-02-03
good
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