Free trading apps + a lack of financial education = Gamestop frenzy and worse Episode 4
Episode Summary
A major new development in our industry’s quest for financial literacy has been the recent explosion of new users moving to online investing platforms. Novice investors are learning the wrong lessons about finance — how can advisers help?
Episode Notes
In this episode, you’ll hear about
- The rise of free trading apps and gamification of investing.
- Can financial education be gamified?
- The power of saving and budgeting.
- ‘Nudges’ vs ‘Sludge.’
- Does TikTok provide an important clue to unlocking financial education?
- The role of advisers.
- Nicole and Sean’s takeaways.
This episode is sponsored by:
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CoinDesk is the media 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.
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Guest Bios:
Dani Fava: Leading strategy and delivering products to future-proof the RIA industry.
Evaluating market trends related to asset management and technology, conceiving and developing new businesses and leading execution efforts on key institutional initiatives.
Skills and Interests: Disruptive technologies, blockchain, conversational AI, RIA, financial advice, digital advice, 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.