The Arizona Corporation Commission is warning novice investors about the risks of self-directed, smartphone investing apps. While “do-it-yourself” investing apps often provide cost-effective, convenience with instant access to trading at an investor’s fingertips, some are presented like a video game that attract young investors who are not made aware of the risk of financial loss.
A human being’s emotion is like an elephant, while our reason is like a little rider on its back, according to scholar Jonathan Haidt. Sure, the rider might be able to control the elephant, but if the elephant says no and digs in its heels, the rider can’t do anything about it. What’s really scary, though,