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The new retail-investing folk heroes: 3 influencers helping everyday people look beyond WallStreetBets for market wisdom

The article from AOL discusses the phenomenon of retail investing and the emergence of "folk heroes" within this community, particularly focusing on the GameStop (GME) stock saga. It highlights how retail investors, often through platforms like Reddit's WallStreetBets, have banded together to influence stock prices, most notably with GameStop, where they drove up the stock price dramatically in early 2021. This movement was partly fueled by a desire to challenge institutional investors and hedge funds, with figures like Keith Gill (known as Roaring Kitty) becoming celebrated for their role in these events. The article explores the cultural impact of these retail investors, portraying them as modern-day David against the Goliath of Wall Street, and discusses how this has led to a broader democratization of investing, where individual investors feel empowered to take on established financial entities. However, it also notes the risks involved, including the potential for significant financial losses, and the regulatory scrutiny that has followed these retail investor movements.

Read the Full AOL Article at:
[ https://www.aol.com/retail-investing-folk-heroes-3-090001219.html ]