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There has never been a more opportune time to have “money” as a hobby. Options trading, once the provenance of professional financiers, has soared with the rise of stock trading platforms like Robinhood, which makes it extraordinarily easy to buy and sell individual stocks. Stories of artists making hundreds of thousands on NFTs of their work and of cryptocurrency enthusiasts making bank buying and selling them have abounded over the past year.
For people who’ve long been interested in investing, the phenomenon has been somewhat bizarre to witness. “I give advice to friends who want to get into investing and tell them to put some into exchange-traded funds or index funds,” says Omar Khan, a 29-year-old who works in fintech and has been investing in the stock market since he was a freshman in high school. “Then all of a sudden these people are like, ‘No, that’s too complicated,’ and they want to get into SPACs. I’m like, hold up — you went from being too cautious to invest in an S&P 500 ETF to SPACs, which are an absolute scam?”
https://www.vox.com/the-goods/22922511/crypto-nfts-sports-betting-money-hobby
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