Summary List Placement
If you’ve ever been down the rabbit hole that is financial TikTok — commonly known as #fintok — you might recognize Alpesh Patel OBE, or his handle @greatinvestments.
Patel, a former barrister and founder of the hedge fund Praefinium Partners, has taken to the social media site in an attempt to educate retail investors with high-energy 60-second clips, discussing a whole host of content, from company valuation metrics to simple career advice.
The content is popular too, and after eight months of posting, he’s racked up almost 22,000 followers.
“The funny thing is that I’ve been on social media forever, but I’ve not had that level of engagement. So I love it — I’m addicted,” Patel told Insider in an interview.
The retail trading phenomenon has been one of the biggest stories this year, as day traders piled into so-called ‘YOLO’ microcap stocks. The GameStop saga boosted the stock by more than 5,000% in the last 12 months, even leading to congressional hearing that featured Roaring Kitty (aka u/deepf***ingvalue), the most prominent retail trader on Reddit, and Robinhood executives.
But, for Patel, this story is nothing new. In 1998, Patel published his book “Trading Online” with the Financial Times, underlining the birth of a new market force: the retail investor.
In an interview with Insider, Patel broke down the three biggest pieces of advice he has for retail investors, and how he’s advising his clients on bitcoin.
##hedgefundmanager ##hedgefund ##trading101 ##trading ##stonks ##stonksdaddy
♬ original sound – Alpesh Patel
Are you investing or trading? Know the difference
One of the biggest issues facing new retail investors is the so-called gamification …read more
Source:: Business Insider