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TikTok’s 9 most popular pieces of investing advice, rated and reviewed by 2 financial experts
“If he’s trolling, very funny. If he’s not, that’s an extremely dangerous, borderline stupid idea,” one finance expert said while reviewing a TikTok.
By Natasha Dailey and Emily Graffeo
The investing side of TikTok, better known as “StockTok”, is ballooning, with the TikTok hashtag “#investing” garnering over 2.8 billion views. Many videos with tagged with #investing are centered around investing tips, and novice traders on the app have said they often heed the advice.
Thirty-six-year-old Douglas Boneparth, who provides investing advice to Millennials through his firm Bone Fide Wealth, said he loves the greater attention given to the world of investing through social media. But with the democratization of the stock market comes a lot of misinformation and “cringe.”
“It can get loud and noisy, and if you follow the wrong thing you can make some mistakes you really regret,” he said.
Insider asked three market experts for their take on nine popular TikTok investing videos with questionable advice.
Boneparth, along with Sam Stovall, chief investment strategist at CFRA, spoke with Insider for the story. Five of the TikTokers did not respond to Insider’s request for…
