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Be wary of financial advice on social media

If you get advice from social media, it’s not 100% bad but you have to realize that they’re usually just regular people who may not know 100% everything accurately. Donna shares a few ideas to keep in mind if you get advice from influencers.

TikTok is not a fiduciary! A cautionary tale. [Donna Freedman] – “According to a poll from, 28% of Gen Zers look for advice from “social media platforms and influencers.” Of the other demographics, 24% of millennials, 10% of Gen Xers and 4% of Baby Boomers get advice there.”

What would you pay for autonomous driving? Volkswagen hopes $8.50 per hour [ArsTechnica] – “Volkswagen’s real moneymaker might be autonomous driving, though. “In autonomous driving, we can imagine that we switch it on by the hour. We assume a price of around seven euros per hour. So if you don’t want to drive yourself for three hours, you can do it for 21 euros,” said Klaus Zellmer, chief sales officer of the Volkswagen brand.” Yes, 100% I’d pay $8.50 an hour especially if it means the car itself is more affordable. No brainer.

The Bank Robbers Who Couldn’t Shoot Straight (Or Do Anything Right, Really) [Narratively] – “When the Duffy Brothers were deported from the U.S, they hatched a plan to bring Bonnie-and-Clyde-style armed robbery across the pond. Their plan had more holes than a bullet-riddled safe.” Enjoy this one. 🙂