How investing apps endanger financial resilience
REPORT
25 Jan 2021
How investing apps endanger financial resilience

Rising unemployment and ample time to spare led to a surge in stock trading among Gen Yers and older Gen Zers in 2020. Yet while the likes of Robinhood, Stash, and E*Trade have made it easy to participate in this once-opaque market, could simplified investing apps do more harm than good?

Dr. James Farrell

Dr. James Farrell is an assistant professor of economics and finance at Florida Southern College and holds a doctorate in economics from Florida State University as well as the CFA designation. Prior to joining Florida Southern College, he was a senior quantitative analyst with the Florida State Board of Administration.

Victor Ricciardi

Victor Ricciardi is an assistant professor of financial management at Goucher College. He worked as an investment fund accountant for Dreyfus Corporation and Alliance Capital Management. Before coming to Goucher, he was an assistant professor of finance at Kentucky State University.

Jack Winthrop

Jack Winthrop is a financial consultant and the author of 7 Trades to a Million: How You Can Turn Any Investing Budget into Millions with Options, Derivatives, and Other Wall Street Secrets. It was the first options trading book targeted to Gen Y investors.

Emma Stamm

Dr. Emma Stamm is a sociotechnical researcher and writer. She earned her doctorate in Cultural and Social Thought from Virginia Tech, where she holds a teaching position in the Department of History. She also teaches for the Department of Media, Culture, and Communication at New York University. Her research interests include the social impact of blockchain tools, cryptocurrency, artificial intelligence, machine learning, and biotechnology.