60 Percent of Young Investors Base Portfolio Trades on Podcasters

What was said

"People in our position right now, people under 30, 60% of them are doing their portfolio trades based on the podcasters they're listening to. Even on like Kick or Twitch, there's streamers. I'll log on in the morning, just see who's streaming, and some of the top viewed people are day traders with like 25,000 concurrent viewers that are getting hundreds of thousands of views a day."

Caleb Hammer warned Rogan that 60 percent of investors under 30 now make portfolio decisions based on podcasters and streamers they follow, including day traders on Kick and Twitch with tens of thousands of concurrent viewers. Hammer expressed concern that young people are mirroring trades in real-time without understanding risk. He noted he himself invested in a fund tracking Nancy Pelosi's trades, which outperformed his professional money manager.