New investors are flocking to online platforms in droves, driven by their interest in exciting topics such as crypto, big tech and weed. An effective education program is key to sustaining new accounts, ensuring they’re aware of the foundations essential to a positive DIY investing experience such as analysis, diversification, position sizing and risk management.
Attendees of Trading Central’s tenth Online Broker Summit in Chicago on April 3rd had the pleasure of tuning in to the thought-provoking opinions of a panel of investment education experts. Surrounded by global leaders of the retail online brokerage industry, the panel was moderated by Tom Sosnoff, Co-CEO of tastytrade, and included:
The death of traditional education?
The panel kicked off the session with a good laugh at the irony of participating in a panel focused on "education"… Although the importance of building educated investors is well documented, many industry leaders are begin to speak unfavourably of what many consider "traditional education". Rather, they believe that building a new generation of confident and informed investors will be achieved through the creation of interactive, approachable and relevant content. As the panel discussion unfolded, it became clear that this sentiment was shared amongst members of the audience as well, and that the industry is witnessing a fundamental shift in how consumers “learn” online.
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