• odium@programming.dev
    link
    fedilink
    English
    arrow-up
    18
    arrow-down
    2
    ·
    1 year ago

    I would argue that the main reason isn’t FOMO. It’s increased awareness, resources to educate yourself, and resources to participate. All of these come from the Internet.

      • tburkhol@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 year ago

        And trading partial shares. Don’t need to have $150 to get a whole share of GOOG or AAPL; instead of putting $20 in a 0.5% savings account, it can go into an actual investment.

    • socsa@lemmy.ml
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      Awareness definitely shouldn’t produce more active traders, since casual daytrading is almost always suboptimal compared to other casual investing strategies, even before you take time overhead into consideration. I’m sure this has more to do with platform access and the ability to skirt day trading rules by having nearly infinite free accounts.

    • Double_A@discuss.tchncs.de
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      Also availability. Nowadays you can buy stocks for free on your phone… 20 years ago you had to physically go to your bank, pay extremely high fees, and probably get scammed into buying some expensive fund because you didn’t have the possibility to easily research stuff on your own…

    • Hazdaz@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      1 year ago

      The internet has been a thing for a long time. This is hardly an exclusive thing only for zoomers. Hell, internet stock trading had been a thing since before zoomers even existed… it’s been around for almost 30 years and the oldest zoomers are 24 or 25.

      • btaf45@kbin.social
        link
        fedilink
        arrow-up
        2
        ·
        1 year ago

        Yes but phone apps that make it easy to open a trading account are relatively new.

        Hell, internet stock trading had been a thing since before zoomers even existed… it’s been around for almost 30 years

        That’s true, although calling in your order instead wasn’t much trouble. However opening a brokerage account was much more difficult. You had to call the brokerage to have them mail the forms to you, fill out the several page form, and then take the forms to the local brokerage office, if you were lucky enough to have a local brokerage office. Sometimes you also had to have the forms notorized.

  • phario@lemmy.ca
    link
    fedilink
    English
    arrow-up
    2
    ·
    1 year ago

    I’m a bit confused who the survey sample is. 90% of gen Zers chosen according to what method?

  • DavidGarcia@feddit.nl
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    7
    ·
    1 year ago

    Lack of participation in the stock market is one of the biggest reasons why the bottom 80% have slowly lost their wealth in the last 50 years. In this inflationary scam system, you have to secure your wealth somehow. Stocks are a great way to do that. The government is pumping a large part of the money it stole through inflation into the stock market. That’s one of the biggest reasons why the rich are getting richer and the poor are getting poorer.

    Ideally you would have a money system where the average person doesn’t have to worry about that stuff. But alas, here we are.

    The price of Campbell’s Tomato Soup used to be steady at 0.1$ for 70 years, but its price increased by 10x in the last 52 years since we changed to this reverse Robinhood money system.

    • Black AOC@lemmygrad.ml
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      1 year ago

      So to not be rendered destitute by the global economic scam, you have to play into the economic scam. We’re honestly better off just letting the whole shit cave in at this point.