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Unfortunately, TikTok could be offering them bad financial advice.
Why is TikTok theriskiest platform from which to get financial advice?
Many videos promote high-risk strategies or imply guaranteed returns without proper disclaimers.
When takingrisks or gambling, one can get lucky occasionally.
This format encourages simplified or sensationalized advice, which may omit important details about risks or long-term considerations.
In reality, boring advice wouldnt gain much traction on a platform withquick video clips.
Content creators are incentivized to provide sensational tips over practical advice.
For example, social media is filled with success stories, but one rarely shares their failures or missteps.
However, ensure that the advice you consume comes from a qualified individual and makes sense for your situation.
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