The teen-powered resurgence of active investing (Axios)

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    The teen-powered resurgence of active investing – By Felix Salmon (Axios) / April 8 2021

    Never mind saving for retirement. Gen Z has embraced the stock market as a place to make short-term gains.

    Why it matters: Day trading is back, turbocharged by social media and the invincibility of youth. Silicon Valley is paying attention.

    What they’re saying: “Active investing is a natural extension of hustle culture, in which risk is embraced and failure is accepted (and even celebrated),” write Andreessen Horowitz partners Anish Acharya and Matthieu Hafemeister.

    • “The psychology of American exceptionalism,” they write, combined with recent technology shifts, portends that “active investing is here to stay.”

    How it works: The wisdom of crowds can be found on Reddit, where a new paper finds that stock-buying recommendations outperform the market.

    CONTINUE > https://www.axios.com/active-investing-stock-market-82b774e0-ff2e-4396-bd28-55b97db3fdd7.html

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