I remember when a stock tip meant talking to the guy at the hardware store, not scrolling through reddit

Last week I was looking at some babble finance forums and it hit me how different things are now compared to even 3 years ago when I first started following this stuff. Has anyone else noticed the advice feels less like neighborly talk and more like a race to be the loudest voice in the room?

3 comments

3 Comments

murphy.abby9d ago

People acting like social media ruined stock advice are forgetting how much garbage the old timers handed out too. @hannahsingh the GameStop thing actually proved crowds can be right, it just takes a minute to sort the noise from the signal. The hardware store guy gave me a hot tip on a mining stock once that lost me six months of savings, at least reddit lets me see the logic behind the pick.

drewgonzalez10d ago

Yeah I miss when my bad stock picks were my own fault not some influencer's.

hannahsingh9d ago

Wow wait, so people are actually trusting influencers with their stock picks now? That's wild, I thought everyone learned that lesson after the whole GameStop thing.