Trading Stock Tips on TikTok, Newbies Are Deeply Invested in Learning

[Mike B 625]

 

By Tara Siegel Bernar

Self-taught and sharing what they’ve found out, a new generation of retail investors is taking the markets — and not memes — seriously.

In March last year, Kiersten Crum was a stock market novice. The pandemic had forced her college classes online, her father’s bar was temporarily closed, and she started working at a grocery store to earn extra cash. With $500, she bought shares of the Carnival cruise line, her first foray into stocks.

Now she has a five-figure stock portfolio, she’s in the middle of a gap year to focus exclusively on trading, and her online presence — be it on Twitter or TikTok — is fully turned over to what she calls her stock market obsession.

“I started teaching myself as much as I could,” said Ms. Crum, 21, whose interest was piqued by an investment club meeting just before the coronavirus shut down her campus last spring.

https://www.nytimes.com/2021/04/28/your-money/stocks-investing-tiktok.html?referringSource=articleShare