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Introduction
⚠️Every day, our addiction to social media grows stronger. It's straightforward to see how our lives have all gone to social networks, where we congregate, study, shop, and transact.
⚠️This is a natural result of life's rapid pace, ongoing development, and the introduction of new technology.
⚠️What happens when popular videos and memes start to displace experienced investors as the go-to sources of financial guidance?
⚠️Retail or non-professional investors have turned to digital channels, including social media sites TikTok or Instagram, to learn about investing.
⚠️Thanks to quick, amusing videos on social media that employ inventive methods to communicate financial concepts, like memes and metaphors, learning about financial matters has become more intriguing and approachable for novice retail and lay investors.
⚠️Although many people now have easier access to financial literacy and guidance thanks to this trend, the advice can occasionally be superficial, inconsistent, and vulnerable to fraud and false information.
⚠️Investor safeguards regarding financial advice from social media influencers are just beginning to emerge, given the novelty of this new trend.
⚠️If left unattended, this could have long-term effects on many individuals in the capital markets sector.
⛔️Immo Tommy - Finfluenser
⚠️Most of you are aware that I was born in Europe—specifically in the heart of Europe. My birthplace is Croatia, which I visit every year.
⚠️As I have many friends not only in Croatia but throughout Europe, we often discuss topics such as world espionage, interrogations, and, most importantly, the world of scammers, fraudsters, and wealthy fininfluencers on social media.
⚠️It was during these discussions that the name Finfluenser Immo Tommy emerged. I learned about Immo Tommy while I was in Berlin.
⚠️But let's go in order...
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