Social media isn’t your financial advisor: 5 reasons to be cautious
1 week, 1 day ago

Social media isn’t your financial advisor: 5 reasons to be cautious

Live Mint  

The Indian stock market has been on a roll over the past few years. Emotional manipulation and fear-based tactics Social media influencers often use emotional manipulation and fear based tactics and tricks to drive engagement and influence stock market investment decisions. Fear of missing out i.e., FOMO is a common tool used to create a sense of chaos and urgency, pressuring followers to make hasty stock market investment decisions without proper research. Herd mentality and market volatility Social media platforms often foster herd mentality, where investors follow the crowd blindly without conducting their own research. As human nature has it, social media platforms often fuel herd mentality luring innocent retail investors in making similar investment decisions.

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History of this topic

How social media made investing 'cool' for young Indians
1 month, 2 weeks ago

How social media made investing 'cool' for young Indians

India Today  

For Raghav Sharma*, a 25-year-old software developer from Delhi NCR, his work is his life. The gamification of investing ft. social media All the financial experts we spoke to seem to agree that social media and finfluencers play a major role in making investment 'cool'. For instance, Sakchi says SEBI’s intention behind the regulations is clear: to protect retail investors …

10 common behavioural biases that impact investment decisions
6 months ago

10 common behavioural biases that impact investment decisions

Live Mint  

Many investors do not take a disciplined approach to secure and grow their finances, due to certain biases. So, they tend to keep away from products that require intense analysis and understanding like equity mutual funds and equities, despite their offering the best of returns. Guarantee bias Guarantee is a big hook for most investors and they get attracted to …

Social media firms should reimburse online purchase scam victims – Barclays
1 year, 7 months ago

Social media firms should reimburse online purchase scam victims – Barclays

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tech companies should help to reimburse the victims of social media purchase scams, …

Investment scams are everywhere on social media. Here’s how to spot one
1 year, 7 months ago

Investment scams are everywhere on social media. Here’s how to spot one

LA Times  

Social media is full of scammers promising guaranteed returns on investment, and consumers lost $3.8 billion to them last year just in the U.S., the FTC said. Because someone may be spoofing them.” Offers also tend to come with time pressure: “Make big money fast!” “Once-in-a-lifetime offer, gone tomorrow!” Or elaborate steps that require infusions of more money at each …

Investment scams are everywhere on social media. Here’s how to spot one
1 year, 7 months ago

Investment scams are everywhere on social media. Here’s how to spot one

Associated Press  

NEW YORK — Social media is full of scammers promising guaranteed returns on investment, and consumers lost billions of dollars to them last year. Because someone may be spoofing them.” Offers also tend to come with time pressure: “Make big money fast!” “Once-in-a-lifetime offer, gone tomorrow!” Or elaborate steps that require infusions of more money at each stage, such as …

SEBI's New Guidelines For Investment Advisers And Research Analysts: All You Need To Know
1 year, 10 months ago

SEBI's New Guidelines For Investment Advisers And Research Analysts: All You Need To Know

ABP News  

The Securities and Exchange Board of India has recently issued new guidelines for investment advisers and research analysts prohibiting the use of technical and legal terms or guaranteed returns in their Let’s understand the SEBI's new guidelines and how they impact social media handles that offer "investment advice." SEBI's New Guidelines SEBI's new guidelines establish a code of conduct for …

Nirmala Sitharaman cautions people against financial influencers, ponzi apps | WATCH
1 year, 10 months ago

Nirmala Sitharaman cautions people against financial influencers, ponzi apps | WATCH

India TV News  

Bengaluru: Union Minister Nirmala Sitharaman on Sunday said the Central government is working with the Ministry of Electronics and Information Technology and Reserve Bank of India to clamp down on ponzi apps like never before to prevent them from taking away hard-earned money of gullible investors. Many of them are ponzi, the apps on which we are working with the …

How Instagram influencers are promoting scam handles that promise unrealistic returns on investments
2 years, 1 month ago

How Instagram influencers are promoting scam handles that promise unrealistic returns on investments

Op India  

If you are using social media accounts, there is a high chance that you might have come across handles promoting bitcoin trading promising unrealistic returns. To understand what has been happening on Instagram, we targeted one specific set of scammers that go by different handles with “Neha Trading” in the usernames. This account has a lot of videos of so-called …

Crypto scammers find social media a rich hunting ground
2 years, 10 months ago

Crypto scammers find social media a rich hunting ground

LA Times  

The patio at Bored and Hungry, which bills itself as the “world’s first NFT restaurant.” Scammers used the Bored Ape Yacht Club’s Instagram account to steal millions of dollars’ worth of NFTs in late April. The escalating social media cyberthreat combines with crypto-based crime hitting an all-time high last year, according to blockchain security company Chainalysis’ 2022 Crypto Crime Report. …

Don’t get swayed by influencers on investment tips
3 years, 11 months ago

Don’t get swayed by influencers on investment tips

Live Mint  

Personal finance has become trendy to speak about. There are people giving stock tips, views on new fund offerings, bloggers sharing advice based on how they are managing their portfolios and even housewives giving their viewpoints. The SMI went on to say equities would return 14-18%, corporate bonds are as safe as bank deposits, etc. The worst among all are …

One in 10 investors ‘taking tips from social media’
4 years, 1 month ago

One in 10 investors ‘taking tips from social media’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

You're being tracked
7 years, 7 months ago

You're being tracked

Deccan Chronicle  

Do you love flaunting your new buys on social media platforms like Instagram and Facebook? Under the new Project Insight, the Modi government will keep a track of your wealth through your social media platforms, beginning next month. Designer Amit Talwar, who is a social media regular, opines, “First of all, the question to the government should be — have …

Mark Mobius says low market volatility is tied to social media
7 years, 10 months ago

Mark Mobius says low market volatility is tied to social media

Live Mint  

Tokyo: Mark Mobius has a left-field theory on why volatility in global stock markets is so low. “You’re getting a situation where a lot of information is discounted immediately because people are afraid that maybe the information they’re getting is not true.” The VIX Index, the so-called fear gauge for US stocks, fell earlier this week to its lowest close …

One of the world’s top-performing stock markets has a Facebook issue
7 years, 10 months ago

One of the world’s top-performing stock markets has a Facebook issue

Live Mint  

Karachi: In March, Karachi-based United Bank Ltd plunged 7% on rumours its chief executive officer was arrested. The nation’s Securities and Exchange Commission has closed seven groups of tippers that gathered on Facebook, and is probing 25 others, chairman Zafar Hijazi said in an interview. It wants to help investors dodge fraudsters making false claims about stocks amid a boom …

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