Due to recent tweets and seeing people curious about stocks from @crystalleigh and @Michael5SOS ‘s recent tweets I’m gonna make a quick little thread about them and how they work!

So essentially you purchase stocks from a public company, which is called investing. There are millions of companies to choose from! You want to buy when the economy is down because stock prices are severely undervalued in attempt to get people to buy into their company

this app they’re advertising is giving out some stocks for free apparently (they might have a deal with said companies) so say you were to buy a stock in Apple for $117, then you see 5 months from now Apple is selling stocks for $300. You’d want to sell and you’d get $183 back.

Now you don’t necessarily only need to buy one stock from a company, you could buy hundreds of stocks from a company. Also not all stocks are super expensive! There are things called penny stocks which are dirt cheap, but you won’t get as high of a return

Now here’s the most important thing! Buying stocks is not for everyone! I’m 21 years old and I am not invested because I am not at a point in my life where I can be ok with not getting back money I invest in. Yes this app is giving a free one apparently+

But it could still be a risky thing! The stock market and businesses can have drastic changes instantaneously that can lead to a drastic lowering of stock prices. I don’t recommend investing if you aren’t ok with potentially not getting a return or losing money

This app giving a free stock could lead to some people possibly starting to actually purchase stocks which is very risky for younger people! Use this time to focus on yourself. I’d say start investing when you start your desired career if you can afford it!

You don’t have to invest in the stock market at all either! About 60% of Americans aren’t invested in the stock market! So please be very careful with going about investing if you decide to do it at any point.

Oh I never actually explained what a stock was! Stocks represent ownership of a company. It’s essentially another source of income for a company. Most companies offer millions of stocks so if you buy one you own about .00001% of the company, but you gave them funds for services

Now with this app if you invest in one of the companies that if giving away a free stock, say you sell it back when it reaches $400 when you spent $0 to own it, I’m unsure if you’ll get the $400 or just the difference between the value of the stock when you get it and the $400

But once again I cannot stress enough how risky this is! If you don’t understand it or don’t actually have money to invest DO NOT DO IT! I don’t care about the one free stock they give. It’s a gateway stock to get you to actually invest with your own money

Also the way Michael tweeted about it could be interpreted very wrong! This is not a game at all! There’s no real “winner” in this situation. Sure they could be “competing” to see who gets more money back but this is not a consequence-free game!

And I’m not at all hating on Michael for the way he talked about it I just want you guys to understand how risky the stock market and investing is! So please please do not do it unless you are financially stable enough