Is Finfluencers' Advice Good?

Happy Monday, wealthy people! 

Ever since I switched my career from Wall Street to Financial Education, I have met many wonderful people (non-investment professionals) who immediately tell me how they learned about investing from their favorite Financial Influencers (a.k.a. finfluencers).

Whether it’s the explaining-finance-through-celebrities Mrs. Dow Jones or the relatable Girls That Invest, it appears everyone has their favorite finfluencer.

Many within the financial services industry unsurprisingly dismiss them as amateurs. While most finfluencers are hobbyist investors who never invested professionally like I did, they do excel in two things that the finance industry is seriously lacking: relatability and entertainment.

Instead of dismissing finfluencers, I dug out studies that systematically analyzed if their advice was any good. Read on to find out their best and worst tips.

In today’s email:

👉 Stock Market Update 

👉 Is Finfluencer’s Advice Good?

👉 Ask Me Anything - What went wrong with my fund purchase?

👉 Sip of Learning - Rule of 72

Grab your latte and let’s get started!

Margarita T., CFA

Founder, Finance Latte

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