New Money

is full of get-rich-quick schemes and hot stock picks. If you’re not educated enough, or you don’t know how to decipher the information, you can get yourself into trouble.”

The New Normal

This new approach to investing has triggered both positive and negative behaviors in the market. While gamification – reducing the complicated process of investing to the equivalent of feeding a slot machine – has caused many in the financial press to sound the alarm, the impact of technology hasn’t been all bad.

“It isn’t fair to typecast the whole generation by saying they only invest in meme stocks. It is not indicative of the whole generation; lots of people of all ages got caught up in that hype,” said Matthew Munyon, retirement plan administrator with Swartzbaugh-Farber & Associates, Inc. “[Younger investors] are very adept and comfortable with using technology, so they utilize mobile apps such as Robinhood, Coinbase or Webull, among many others, to handle their investing.”

Munyon also said the younger generation tends to get viewed