“Some of the latest [blogs] are no longer doling out sensible financial advice, but are instead advocating picking stocks and day trading,” writes Jim Dahle.
“They read like a cocktail party conversation, only talking about their winners, sharing carefully crafted screenshots demonstrating success, inspiring Fear of Missing Out (FOMO) while using carefully crafted disclaimers to try to absolve themselves of moral responsibility for the acts of their readers.”
Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of