Free trading apps + lack of financial education = Gamestop frenzy and worse
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Episode summary
A major new development in our industry’s quest for financial literacy has been the recent explosion of new users turning to online investment platforms. First-time investors learn the wrong lessons about finance – how can counselors help?
Episode Notes
In this episode you will hear about
- The rise of free trading applications and the gamification of investment.
- Can financial education be gamified?
- The power of saving and budgeting.
- “Nudges” vs “Sludge”.
- Does TikTok provide an important clue to unlock financial education?
- The role of advisers.
- Nicole and Sean’s take-out meals.
This episode is sponsored by:
CoinDesk is the multimedia platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system. Its mandate is to inform, educate and connect the global investment community through news, data, events and education.
Founded in May 2013, CoinDesk reaches millions of people interested in digital assets and blockchain technology through its website, social media, newsletters, podcasts, videos, research and live events. CoinDesk created the original price benchmark rate known as the Bitcoin Price Index in 2013, which was widely disseminated in the media including the Wall Street Journal, Financial Times, CNBC, and many more on a daily basis.
Join the consensus here!
Guest biographies:
Dani Fava: Lead the strategy and provide products to sustain the RIA industry.
Evaluate market trends related to asset management and technology, design and develop new businesses, and lead efforts to execute key institutional initiatives.
Skills and Interests: Disruptive Technologies, Blockchain, Conversational AI, RIA, Financial Consulting, Digital Consulting, ROBO, Cryptocurrency, Data, Rebalancing, Trading, Separately Managed Accounts, UX, Strategy, Problem Solving #Intrapraneur #Futurist
Sarah newcomb, Ph.D., is a behavioral economist for Morningstar and author of Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values ​​Behind. Follow Sarah on Twitter: @finance_therapy.
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