driven day-trading firestorm that has just engulfed GameStop shares for a second time and the incredible rise of Bitcoin show that inexperienced investors are dabbling in high-risk speculative assets , with some using leverage , which can hugely amplify losses . Is this creating a culture of short-termism and a “ get rich quick ” mindset among the next
generation of investors ? And , if so , how should the financial services industry respond ? Can unrealistic expectations of risk and reward be managed , or will these investors just reject financial advice and go their own way ? Social media is a crucial source of news and information for young people and many of them are taking their investment advice from the growing number of unqualified “ finfluencers ”. One survey from Oxford Risk found that 20 per cent of 18- to 34-year-olds say social media channels are their primary