Back in 2021, betting on the shares of movie theatre chain AMC Entertainment gave investors a gain of some 800% while shares of Gamestop reportedly jumped from US$150 to US$380 overnight. The surge was driven by retail investors who gathered on social media platform Reddit to orchestrate a short squeeze against the big funds that were shorting the stocks.
Amid the post-pandemic recovery and volatile markets, Gen-Zs — defined as those aged 26 and below have entered the workforce, drawing their first salaries and investing their hard-earned money in hopes of building a portfolio that could eventually provide them with healthy returns.
However, given the vast amount of finance and investing information of varying quality readily available online, it can be hard to tune out the noise, warns Paul Ng, financial service director at PhillipCapital. This is especially on the back of constant reports of those making enormous returns on certain meme stocks and cryptocurrencies.
