Estimated read time: 2 minutes
Social media can be useful, entertaining, and distracting all at once. It can also fill your feed with constant financial predictions that may not support your long-term planning.
A Simple Way to Think About Financial Content Online
Social media is a remarkable thing. In the same scroll, you can catch up with old friends, discover a new hiking trail, and stumble across a new recipe you'd like to try. You can also find someone who is predicting where the financial markets are headed next.
If financial influencers dominate your social media, financial noise may dominate your thinking. Some people find it helpful to trim those accounts and lean into the ones that focus on your hobbies, community, and things that bring you genuine enjoyment.
The people producing financial content on social media are often rewarded for engagement.Dramatic predictions can get clicks, but it's unlikely they align with your long-term financial well-being. Treat them the way you would a movie trailer.
What You Can Do
- Notice which accounts leave you feeling informed versus unsettled
- Consider trimming sources that add more noise than value
- Jot down questions or concerns that come up in your feed
- Bring those items to your next conversation so you can review them in context
When something in your feed raises a concern, jot it down. Save it for our next conversation. If you have a social feed that you like, bring that up too. We can check it out together.
> "It is what you read when you don't have to that determines who you will be when you can't help it."
References
- FMG Suite: Source material and approved language used in this article.
This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm.