Gamification of investing refers to the idea that investing is a "game" that can be won or lost. Alex Cabot and Ed Lambert of Birch Run Financial are here to break down this trend.
Alex starts by walking through the fundamentals of this gamification, and the effort to democratize investing. He also provides some historical context into where this trend fits.
There is a downside to this trend, however. Ed explains the risks and dangers that gamification can pose to the average investor. Investing or day trading with apps can be exciting, but if you're investing life changing money, the standard tenets of investing apply.
Alex also shares the tragic story of a young Robin Hood investor who didn't fully understand the strategies he was employing. It resulted in him taking his own life.
If you have any questions about investing, retirement planning, or anything relating to your financial future, we encourage you to talk to Alex Cabot and Ed Lambert at Birch Run financial
Website: www.BirchRunFinancial.com
Email: info@birchrunfinancial.com
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On Twitter: @BirchRunFinance
Phone: (484) 395-2190