Social media may make investors feel more confident than they should
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New research suggests social media may leave some investors feeling more knowledgeable than they actually are.
The researchers found people who relied on social media to guide their investment decisions felt very confident in their investment knowledge. But they struggled to answer basic questions on investment-related topics like corporate stocks and selling short.
People who gleaned their investment information from traditional media, such as newspapers, magazines, TV, and radio, felt like the
The researchers found people who relied on social media to guide their investment decisions felt very confident in their investment knowledge. But they struggled to answer basic questions on investment-related topics like corporate stocks and selling short.
People who gleaned their investment information from traditional media, such as newspapers, magazines, TV, and radio, felt like the
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