In today’s Exponential Investor:
- Carole Baskin’s $TIGER portfolio
- Lindsay Lohan gets in on it
- Investment tools you need to know about
In 2020 one of the things that made the year enjoyable was the plethora of shows on Netflix, Amazon Prime, Disney+ and others.
One of the biggest hits of the year was a wild and wacky docuseries called Tiger King. If you’ve seen it, you’ve seen it. If you’ve not seen it, you’ve probably heard about it.
One of the main people in it is a lady by the name of Carole Baskin. Without going into it too deep, let’s just say she’s a bit… um… well, let’s say she comes across as a few stripes short of a tiger.
Anyway, if you’ve seen it, you’ll know who she is. But here’s the thing… would you take stock advice from her? If Carole Baskin told you to go buy a stock, or provided coverage of a stock, would you buy it?
Of course not, you’re not an idiot.
But some people are. Believe it or not, there are some out there buying stocks simply because of their name or because someone crafty gets a “celebrity” to mention them in a viral Cameo message.
There’s a bit more to this weird story which we dive into this week. We also ask a very pertinent question, is “social trading” a way to make money, is it something investors should be factoring in, or is it the ultimate sign of a top in the market?
How to look at the rise of “investment influencers” is fast becoming key to understanding some of the wild moves in the market. Whether you like it or not, it’s a crazy reality of our current market and something you need to know about.
We explore this phenomenon and what’s the one thing as an investor you can do to ensure you don’t get burned by it, but also ensuring you don’t miss any opportunity.