February 17, 2021

traits

Financial planners warn of ruin as stock trading takes on video game traits

The individual investor has never had more power.Platforms like Robinhood have made it possible to trade stocks — for free — from your phone. Millions have signed up, and many jumped into the trading frenzy around GameStop stock in the past few weeks.But what played out in the market didn’t look like investing to many financial planners.”I’d almost put it equivalent to gambling,” said Paul West, Managing Partner at Carson Wealth. “The best long term investors look so far out into the future instead of what’s happening today.”For many of those armed with trading apps, that’s not what’s happening. Free … Read More