Reported 4 months ago
The resurgence of meme trading sparked by a post from 'Roaring Kitty' raises questions on whether social media can be trusted for financial guidance. Yahoo Finance contributor Ross Mac analyzes the advantages and drawbacks of relying on online platforms for investment advice. He emphasizes the importance of caution, due diligence, and qualification of advice-givers when considering financial tips from social media or online forums to avoid falling prey to scams or losing money. It's crucial to assess the credibility of the source, do thorough research, and make investments wisely without risking substantial losses.
Source: YAHOO