How did social media play into the meme stock mania of 2021? What makes the retail investors of today more discerning than ever before? Is there such a thing as no-fee trading? 

Liz sits down with Gunjan Banerji, lead writer for The Wall Street Journal's live markets coverage to talk about the evolution of retail investors, the type of investing they find most attractive, and the ways in which social media can be both a blessing and a curse. Liz also offers her quick take on meme stock investing and where you can start to do your research on investments. 

For more, read Liz’s column every Thursday at On The Money by SoFi, sign up for the SoFi Daily Newsletter, and follow Liz on Twitter @LizThomasStrat.

Notable mentions in the episode:

(00:00 ) Introduction

(06:19 ) Retail investor preferences (passive or active?) 

(10:00 ) How social media has impacted retail investing and what to consider before turning to social for advice

(15:08 ) Why retail investors aren't the "last to the party" 

(19:24 ) Why investing isn't free 

(28:00 ) Gunjan's hot takes in investing 

(29:28 ) Liz's takeaways from the interview

Additional resources:

• 
  The SoFi Daily Podcast: 5-minute daily episodes covering the latest business, economic, and stock market news you need to start your day. The SoFi Daily Pod is available on Apple and Spotify, or wherever you get your podcasts.


• 
  The SoFi Daily Newsletter: Sign up for the SoFi Daily to receive the latest financial news in your inbox every day. 


• 
  Investing 101 Center: At SoFi, we believe investing is for everyone — which is why we’ve created a hub with info for beginners and experts alike. Start exploring to get investment education, advice, resources, and more.


• 
  Wealth Investing Guide: The information you need to know to make your money work harder for you.

Recommended reading:

• Retail Investors: Definition, Pros, and Cons


• Institutional vs Retail Investors: What's the Difference?


• Investing in Retail Stocks

This podcast should be used for informational purposes only and not deemed as a recommendation. Our Automated investing is via SoFi Wealth LLC, and is a registered investment advisor. Our Active investing is via SoFi securities LLC, member FINRA/SIPC. For additional disclosures related to the SoFi Invest® platforms, please visit www. SoFi.com/Legal.

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