5 ms·
Very true, but 2020-2021 was unique in that a lot of young, first-time investors were introduced to the stock market via the popularity of Robinhood and meme st
by PragmaticPulp 4y ago
Very true, but 2020-2021 was unique in that a lot of young, first-time investors were introduced to the stock market via the popularity of Robinhood and meme stocks.
The entire stock market may only be down 20%, but the investors who piled into hot tech stocks like Peloton and Zoom went from thinking the stock market was easy money to thinking that the stock market is a great way to lose most of your money. Even Robinhood went from a trendy young person trading platform to a perceived villain in the span of a couple years.
The stock market that you see as a seasoned passive investor is completely different than the boom and bust meme stock market that many young people were introduced to recently. I don’t know what the long term effects will be on those who were burned in the exuberance and ensuing crash.