Would you seek financial advice from TikTok or YouTube?

With the development of the internet era, social media's influence is growing, and so is its impact on investments.

Surveys show that 34% seek financial advice from TikTok, 33% obtain financial advice from YouTube, while only 24% seek advice from financial advisors.

 

As individual investors, where do you get investment advice?

  • TikTok has captured the hearts of most users due to its short content format and straightforward expression;

  • YouTube provides videos of around 10-20 minutes, allowing investors to gain a deeper understanding of financial concepts;

  • Pro financial advisors can provide detailed investment plans and advice, but generally at a high cost.

Retail investors want pro and free financial advice

Most investors may want to obtain investment tips from professional financial experts for free on financial platforms. This has become a trend in financial platforms today.

However, identifying who is a professional investor and determining whether financial content is beneficial have become the most concerning issues for individual investors.

Why not consider obtaining trading clues from Trade Feed, where you can follow investors with high winning rates and similar trading styles.

$Tiger Brokers(TIGR)$

How do you get financial advice?

TikTok or YouTube?

Any other financial platforms to recommend?

Leave your comments and also post to win tiger coins~

# Will You Follow Financial Advice From TikTok and YouTube?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • koolgal
    ·02-03
    TOP

    🌟🌟🌟Investing is very much a personal journey and while it is good to learn from the experts, it is important to be cognitive of the pitfalls of following blindly.  I like to read the latest news from Wall Street Journal, Reuters as well as our local papers like Business Times and the Edge.  I do watch YouTube videos too but I am selective on these. 

    I also subscribe to Tiger Trade Feeds where I can find out how some of my Tiger Friends are trading.  It is a valuable resource and together with other articles that Tiger Brokers post daily, I get a snapshot of the latest news on the financial markets.  Ultimately the onus is on me to decide which news are relevant and appropriate to suit my investing strategy.

    @Tiger_comments  @TigerStars

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    • koolgalReplying toHappy Bear
      Happy weekend 🌈🌈🌈
      02-04
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    • koolgalReplying toHappy Bear
      Thanks for sharing your valuable insights 😍😍😍
      02-04
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    • koolgalReplying toHappy Bear
      No matter what the experts may say at the end, it is up to us to do our own due diligence.
      02-04
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  • MHh
    ·02-02
    TOP
    These are just platforms. More importantly is who is the content creator. If it is a credible creator, it is a potential source. Of course, it is also important to seek advice if one is unsure
    @Success88 @DiAngel @AliceSam @Fenger1188 @SPOT_ON @SR050321 @rL @HelenJanet @Kaixiang @Universe宇宙 come join
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  • icycrystal
    ·02-03
    TOP
    some financial advisors have turned to Tik Tok / YouTube and other social media platforms to talk about financial, investment, etc. these are the platforms that can reach masses and gain a wider audiences.

    some of them are actual financial advisors while some... not quite so I guess it's good to listen to them (those legit ones), their analysis, explanation, etc...

    however, please do not take their words and invest blindly without doing further research as they may not be always right in their predictions.

    take charge of your own finances and investment and always trade within limit. always remember to have risk management and have a diversify portfolio.

    this way, you can ensure you sleep well at night.

    @rL @Shyon @GoodLife99 @Universe宇宙 @xXxZealandxXx @Aqa @LMSunshine @koolgal @DiAngel @HelenJanet

    Leave your comments and also post to win tiger coins~

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  • Universe宇宙
    ·02-03
    TOP

    How do you get financial advice?


    TikTok or YouTube?


    Any other financial platforms to recommend?


    Leave your comments and also post to win tiger coins~


    @Shyon @icycrystal @LMSunshine @melson @MHh @DiAngel @rL @Aqa @GoodLife99 @SirBahamut @HelenJanet @pekss @Korer @Mrzorro

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    • icycrystal
      [Like] [ShakeHands]
      02-03
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  • Success88
    ·02-02
    TOP
    Yes i always saw this program call 聽小Lin說. She is a experience financial advisor
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  • DiAngel
    ·02-03
    TOP
    I received my investment advice from my HNW friend. He is super good in FA but not good in TA. Whereas I m good in TA and almost up to date on the happenings to SG market. Thus, i relied on his FA to assist me on my entry to buy stocks.


    Sometimes, i do watch those youtube and cant help thinking whether they are providing real advices or basically trying to attack other youtube on some stocks.


    Anyway, pls DYODD after listening to youtube or tik tok.
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  • Bonta
    ·02-03
    TOP
    When i first started my investment journey, there wasn’t tiktok. Youtube was mainly used to watch funny or music videos. Maybe it was a gd thing then. I had to camp in libraries, borrow books to learn about investing. It was a slow and painful process. But i felt that it was worth it, as there are many frauds and self professed experts in youtube and social media.


    When we dig further into their background, there are those that have fake asset values showing fake results, those that only show winning trades, those that only have 1-2 years of experience and behave like they are subject matter experts, and they love to find income aside from stock or option investments (selling of courses and softwares, or “handholding”). Its wild wild west out there.


    Anyone can buy a gun and start shooting w/o even caring if they can hit the targets or they kill people by accident.


    There are real & proper gurus, but they usually promote slow and steady investments which are unpopular to the young.
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  • highhand
    ·02-02
    TOP
    social media, read for entertainment.... learn from proper sources like investing books and mentors that have skin in the game with track record and transparency
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  • icycrystal
    ·02-03
    some financial advisors have turned to Tik Tok / YouTube and other social media platforms to talk about financial, investment, etc. these are the platforms that can reach masses and gain a wider audiences.

    some of them are actual financial advisors while some... not quite so...

    I guess it's good to listen to them (those legit ones), their analysis, explanation, etc...

    however, please do not take their words and invest blindly without doing further research as they may not be always right in their predictions.

    take charge of your own finances and investment and always trade within limit. always remember to have risk management and have a diversify portfolio.

    this way, you can ensure you sleep well at night.

    Reply
    Report
  • jhtiger
    ·02-03
    I personally don't use those platforms for financial advice - but if I did it'd be prudent to still do your own research rather than just trusting their stock picks
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  • SPOT_ON
    ·02-03
    youtube the channels and people are more informative in their longer video, but the annoying things are the advertisements.. so many of them !!!

    tik tok I like all the short entertaining videos that are randomly shown to individuals which we wouldn't have knew or come across in our life .

    but for investment advice i will still go for youtube .

    @Tiger_comments
    @MHh
    @SR050321
    @melson
    @MHh
    @Mrzorro
    @Kaixiang
    @Ron18
    @DiAngel

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    • SPOT_ON
      [Love] [Love] [Love] [Like] [Like] [Like]
      02-04
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  • @爱上投资学

    @kimsiew

    @Success88

    @DavidSG

    @Snoopymint

    @RT2022

    @VonCat

    @Mrzorro

    @hd87

    @Am3n_Tao

    @JQC

    @highhand

    @jhtiger

    @Kok

    @Mangoman

    @nomadic m

    @MHh

    @Universe宇宙

    @zerolih

    @DiAngel

    @SPOT_ON

    @koolgal

    @icycrystal

    @Bonta

    @Cory2

    Thank you for commenting on my post. Your coins have been sent to your account~ Don't forget to check your tiger coins💖

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  • Kok
    ·02-04
    I get mine from @Adam Khoo on YouTube actually.. His investing and trading style resonates with mine. No strategy is perfect, you just need to find one that suits your style, risk appetite and investment horizon.
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  • nomadic_m
    ·02-04
    TikTok & YouTube are free social media platforms that provide information in bite sizes. pros & cons to free info available online. as long as gen z do their due diligence before diving in head first, no harm using these platforms as first point of financial advice
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  • zerolih
    ·02-04
    I follow reputable financial channels on YouTube, such as 陈剑老师, 小Lin说, Adam Khoo, and Mr. Money TV. They provide valuable insights into basic financial knowledge and explain the current financial landscape. Compared to books, news and radio, their content is more accessible to the public anytime anywhere. However, it's important to be cautious and avoid blindly following buying/selling advice from self-proclaimed "gurus."
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  • Cory2
    ·02-04
    I wonder about who creates the content on these sites/apps and for what agenda. I feel there are a lot of avenues for online information which are only there to make noise and steer you to a dead end. People go on and on about liquidity and how there’s not enough for everyone to get rich. So isn’t it in some of these “news” source companies to misinform the reader or viewer in order to get them to invest in chatter, rather than quality, good growth stocks using strong analysis of fundamentals, technicals, global business news etc.? Sorry, but for me “Motley Fool” is one of these chatter “news” sites. I used to follow some of their advice about “winning” stocks, and lost out every single time. They need some people to lose their $, so that prices of the real “winning” stocks can be relatively safe and steady. Too high too quickly can mean what goes up must come down…DYOR & use videos from reputable sources or individuals who have no conflict of interest for learning about TA, FA period.
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  • JQC
    ·02-03
    I do refer to Youtube for financial advice at times. However, at the end of the day, you still have to do your own due diligence [serious] [Victory]
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  • Facebook 是我获取相关理财信息的管道之一,。。。。。。。。
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  • Mangoman
    ·02-04
    [Smile] [Smile] [Smile] [Smile] [Smile] [Smile] [Happy] [Happy] [Smile] [Smile] [Smile] [Smile] [Smile] [Smile] [Smile] [Smile] [Smile]  
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  • Mrzorro
    ·02-03
    I think I will just stick with my own research. If not pro financial advisor will be my first choice.
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