TikTok Investors give financial advice, the industry reacts

by | Jan 18, 2021

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@peter_IFAMAG reads Twitter so you don’t have to.


Retail investing exploded in 2020, but along with that has come the proliferation of shoddy advice. Today one video has done the rounds on Twitter wherein a couple share financial advice over TikTok. The video itself might well be parody as the financial insight is absurd. Elsewhere on Twitter Goldman Sachs say managed volatility funds are a contributing factor to an overall increase in volatility itself.

First, Tracey Alloway shares what many suspected, namely China was the only major economy that avoided a contraction in GDP last year.

 
 

Josephine Cumbo shares research investigating how furlough affected the UK’s retirement plans.

 

Simon Vans-Colina, and early stage Monzo employee, shares a directory of Monzo Alumni.

https://twitter.com/simonvc/status/1351105427551956993

Hannah Forbes, founder of the funding crowd, shares sector trends in crowdfunding.

 

Robin Wigglesworth shares Goldman Sachs research into managed volatility funds.

 

And finally, TikTok Investors is a Twitter page highlighting TikTok accounts often sharing financial advice. This particularly egregious video was picked up by Martin Bamford and has been shared widely by IFAs and financial pundits.


What are your thoughts on these tweets?

 

Tweet your responses to @peter_IFAMAG

 

 

 

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