A term used by degenerates who want the credibility and reputation of an actual financial advisor but don'
t want the accountability and liability that comes along with it. Mainly used by room temperature
IQ individuals on
TikTok,
Youtube,
Twitter, etc under the age 21 who probably don'
t even have a degree, CFA, or any knowledge about
basic economics yet feel the need to give financial advice.
You can find them on social media using terms like #ToTheMoon #Stonks #DiamondHands and bandwagoning the latest hype stock or
meme crypto and then never to be seen again until another hype stock is talked about by the masses as they don'
t know anything else about the financial world other than riding the current trend.
They are somewhat related to furus (fake gurus) who want to sell you $1000 courses on stock market education you could probably find on the internet with a few minutes of research. These wannabe financial advisors love to talk about
meme stocks and cryptos as well as telling
people to #BuyTheDip or #HODL #DoNotSell while still putting in their disclaimer "All posts are opinions and I do not give buy, hold, or sell recommendations."
The problem with these fake advisors is that they think saying they aren'
t financial advisors creates a loophole where they can'
t be held liable for their advice. This is literally the same concept as using copyrighted material and saying "No copyright infringement intended" which completely contradicts their statement.
Actual financial advisor: I use highly complex algorithms and statistical modeling to determine accurate probabilities on my investments and can show you that investing in the S&P500 index has proven to give around a 10% return for the past 10 years
Wannabe financial advisor: stonks go brrr, doge to the
moon, buy the
dip guys, apes strong together *loses life savings after yoloing it on 0
day expiration options*
Actual financial advisor: This person definitely has "I am not a financial advisor" in their bio
