Do You Trust Financial Advice on Social Media?

[Suba]

Videos on social media not only provide entertainment but we also often find various financial advice, how to manage money to accumulate wealth, but we cannot rely on the video being popular and has been visited by millions of viewers then we apply it to ourselves, I often find that the advice given by the creator has no rules, often based on their own experience, not based on qualified financial skills. There are creators who offer a quick way to accumulate wealth with stocks and crypto without explaining the risks that may occur. So if ordinary people are tempted by the creator's advice, they will be trapped in risks and risk profiles that are not suitable. According to some experts, investment is actually not fun and boring, so that ordinary people will be trapped in boredom.

So all videos about financial advice, we should watch and study them carefully, before we follow their advice.

 

[eLdavis]

I do not trust all, there are some i have tried that worked, and some do not work. I just simply take what i feel is okay from them.

 

[Springtime]

Depending on the creator, some are quite influential and offer good advice. I just take those which I think makes sense to me.

 

[Trush Jodie]

I don't rate financial advise from people on social media. I only take such from people that have proven themselves as authorities in the financial world.