The dangers of social media financial advice

KAYA 959  |  ALLAN GRAY KAYA BIZ
In recent years, social media platforms have become a popular source for personal finance information and advice – with users sharing tips on everything from the latest stocks to buy and products to consider, to behavioural hacks to help you manage your monthly budget and more. But can you trust everything you see online? The recent FinTok craze on TikTok has demonstrated how scammers and fraudsters take advantage of unsuspecting young investors who source financial advice online. Nomi Bodlani joins Kaya Bizz to discuss the dangers of taking financial advice from online social platforms and share some tips to help us scam-proof our investment decision-making.