Markets

Retail investors are flocking to Discord amid Reddit day-trader revolution

WallStreetBets captured the market’s attention for weeks as Reddit traders squared off with hedge funds, but retail investors are increasingly gathering on another platform. Discord has become a highly active hub for retail traders to discuss trading strategies, investing tips, and options alerts. Insider spoke with one user who said […]
Retail investors are flocking to Discord amid Reddit day-trader revolution
Markets

‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla

Will Danoff, manager of the $US230 billion Fidelity Contrafund, told Bloomberg that there’s a “demographic issue” for mutual funds: Gen Z is not very interested in owning them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said. Danoff also lamented selling a large […]
‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla