It’s a strange time in the market. Before this crisis, there would be a lot made about how more people need to get involved in the stock market.
Now, more people than ever are creating investment accounts, and they’re getting playfully(?) mocked about it. Sometimes people just can’t win!
Here’s what I’ve been reading this morning:
‘Playing the Market Has a Whole New Meaning’ – Jason Zweig – The Wall Street Journal
- In Jason’s latest piece, he writes about the swarms of new day-traders using Wall Street as a replacement for Las Vegas. When there’s nothing else to gamble on, people are turning to stocks to try and win some money.
‘Here’s How Gen Z Can Keep Learning and Earning This Summer’ – Jill Cornfield – CNBC
- Plenty of Gen Z kids will be missing out on their summer internships, study abroad programs, and summer jobs. This article outlines how they can still make the most of their summer months through all of the changes brought on by COVID-19.
‘The Story of Robinhood’ – Douglas Boneparth – Bone Fide Wealth
- The allure of Robinhood has grown tenfold since the start of the COVID-19 shutdowns. Young people are venturing onto this platform for the first time to try and play the stock market. It’s a tough line to walk between ‘learning valuable lessons the hard way’ and ‘making drastic mistakes that can alter the path of your life’.
‘Same As It Ever Was’ – Morgan Housel – Collaborative Fund
- In Morgan’s latest long-form piece, he puts together a few short stories about things that never change. In a world where everything is constantly changing, it’s important to take note of the things that don’t.