Update: Social media and the stock market: All is not as it seems

Only Umratia

Two things are going on then, one is the social media and the other is the stock market. Both of these things are harmful if not used judiciously. Now the problem is that both things have become one. Stock market is being widely promoted on social media. Stock market is being promoted on Instagram, YouTube, X (Twitter), Telegram, WhatsApp. In which huge compensation claims are made. So people will want to earn money by investing in the stock market. However, all is not as it seems on social media. First read this… Á Loss of 27 lakhs in the stock market in just two days Á Loss of three lakh rupees in the stock market in three days Á Loss of 98 thousand in the stock market in a single day These three incidents are absolutely true. There are two things in common, first is F&O trading and second is 'Telegram' tips. Currently, there are hundreds of 'Telegram' channels and 'WhatsApp' groups running, in which stock market 'tips' are given. These three people also invested based on such tips, the result is in front of you. Why investment in stock market increased? Now students studying in 10th or 12th standard are trading, bidding for IPO. One of the biggest reasons behind the growth of stock market investment is that it has become easier to invest. There are many applications from which you can invest in the stock market quite easily. Just a five minute job. Digital India has also benefited the stock market. Even so, the new generation is tech savvy. Apart from this, social media influence also has a big role. People are believing the claims made in the virtual world of social media to be true. The Reality of Reels You may see reels that have three or four computer screens, stock market charts inside, a motivational song playing in the background, a home office setup or even a fancy office and a fancy car. And the question is asked, who is stopping you from doing all this? Seeing all this, it is natural for any person to be shocked. The purpose of such reels is also to entertain people. However, such reels, posts or tweets are often far from the truth. There is no question of believing everything that appears in it to be true. Creating a fake screenshot is no mean feat in this age of AI. The pinching is done. So the screenshots of stock market profits that you see in social media are likely to be fake. The purpose of such reels, videos, tweets or posts is to lure people to 'Telegram' channel or 'WhatsApp' group. Telegram and WhatsApp Game There are hundreds of 'Telegram' and WhatsApp groups offering stock market investment tips. This group also has three types. First is free, second is premium and third is ultra premium. People are connected to this group by means of reels, shorts or posts. In which screenshots of profit are shared every day. Based on which people's trust is won. At first, people see that the tips coming in the group are getting small and big benefits. Then it is said to join premium group for more profit tips, for which money is paid. Beyond that, in the lure of bigger profits, the ultra premium group is joined, whose tips charge much higher. In the beginning, there may be a little profit, but sometimes suddenly millions of rupees will be lost. The problem now is that newbies who start investing in the stock market tend to trust such tips without thinking twice. Such groups are a means of their earnings. Within one such group of tips there are 30-40 thousand people. Even if you count only 100 rupees of all, how much will it be! Viral Disease Now we all are suffering from one disease and that disease is called Viral Disease. The characteristics of which are that in this age of social media, we judge the summary by views, likes and comments. Which is totally wrong. If a reel is viral, has 2-3 million views and a million likes, then we consider it good and true. Don't think back and forth. The same happens in reels and videos related to the bus stock market. Remember that if there is a stock market advice video on YouTube, its priority is to earn money by increasing views. Digital Course Now many online and offline stock market courses have been launched. People are also doing such courses by paying high fees. Leaving aside the offline course, has anyone asked for a certificate from the online course? May not be. Just people are becoming owls and their shop is running. They are not licensed financial advisors. How many people can come in seven percent? A report by stock market monitoring body SEBI says that 93 percent of retail investors lose in F&O trading, while only seven percent gain. The damage figures range from two lakhs to 28 lakhs. I am no stock market expert but before you join the group claiming 100% profit as obvious as Diwa, remember that SEBI itself says that only 7% people will benefit. Now how many people can come in seven percent? Influencers mean money Last week there was news that the Delhi Police had summoned several influencers including comedian Bharti Singh, her husband Harsh Limbachia, 'YouTuber' Elvish Yadav in a Rs 500 crore fraud case. All of them promoted an app called HIBOX. Which is a kind of stock trading app. Which claimed one to five percent returns daily and 30 to 90 percent returns per month. Promotion was done with such a celebrity and when people invested money, the return went away even the invested money. About 30,000 people have been defrauded to the tune of 500 crores. Which simply means that the influencer or celebrity you trust to invest in such an app doesn't know anything about it. They mean money, which they get for promotion. Only three incidents have been mentioned above. In this way thousands of people are losing money every day. Recently, in a conversation with a social leader, it was found that the reason behind the suicide of the youth is the loss of the stock market. This is not to say that one should not invest in the stock market, all people giving stock market advice are frauds, all influencers are wrong or even courses are fake. The thing is that the amount of right is less and the wrong is increasing day by day. A bigger problem is distinguishing right from wrong. The only thing is that if you come to the idea of ​​investing in the stock market under the influence of social media, think twice, consult an expert and only then proceed. Don't rely on social media at all.}