Overwhelming Day Trading Losses
It's a well-known misconception that most people who invest directly in the stock market lose money. It's not just true, which is unfortunate for most people, but it's possibly disastrously true. According to CNBC's research from November 2020, between 85 and 90 percent of individual investors lose money in the market after 300 days. Given that the typical investment for middle-class and lower-class households is $15,000, this can result in considerable losses for those families.
We have something for those who could blame the current economic climate or the jittery, if not flightiness, of this young generation. According to financial experts, amateur direct stock traders have underperformed the market for 25 years in a row as of 2020. Therefore, even though it wasn't helpful enough for the average trader, it's unquestionably not the internet's fault.