Remove 2012 Remove Financial Advice Remove Math Remove Taxes
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TikTokInvestors

The Big Picture

At least one person1 has noticed the risks to young consumers of social media: Since August 2020, @TikTokInvestors has been curating the most outrageous money-losing and dangerous videos culled from the “financial experts” at TikTok. The advice ranges from wrong to risky to criminal: -401ks? Not if you spend tax season on a boat!

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Blunt, unfiltered truth about Indexed Universal Life

Sara Grillo

They go crazy and paint it with BS statements like: Tax-free guaranteed income Can’t lose money asset Upside potential with downside protection Privatized banking Be your own bank Remember that there is a floor to the crediting rate, but that doesn’t mean you can’t lose money. Here’s why that stinks. Transcript 0:00:00.6