Meet the 2 college students running a 20,000-member online investing community
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Joe Ciolli
Aug 19, 2020, 00:07 IST
Getty Images / Justin Sullivan
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Namburi and Sandhir unveiled their creation in July 2019, positioning them perfectly for the market's recent rally from multiyear lows to near-record levels — and the accompanying spike in young retail-investor activity.
Business Insider spoke exclusively with the Eagle Investors founders to learn what makes them tick, and how they plan to responsibly grow the community at a time when day-trading is all the rage. We also spoke to their faculty adviser, one of the server's moderators, and multiple active users of the platform to get the inside scoop.
Going beyond Eagle Investors, the Investing team at Business Insider has continued to survey and analyze the rapidly changing market landscape. See below for our best stories of the week, including a wide array of recommendations, strategies, and tips for navigating uncertainty.
The combination of earnings and back-to-school shopping makes August a historically bumpy month for retailers, according to Vishal Vivek of Goldman Sachs. Retailers face even more uncertainty this year because of questions about school openings during the pandemic and the possibility of more economic relief from Congress.
Paul Tudor Jones, the billionaire investor and founder of Tudor Investment Corp., suffered a devastating loss early on in his trading career. After reflecting on his mistake, Jones reemerged to trounce the market in the following years, placing risk at the forefront of his strategy.
One major reason why Morgan Stanley is bullish on US stocks — even at near-record levels — is because of the firm's faith in a strong economic recovery. It points to the chart above to support that point.
As the spiking dark blue line shows, personal disposable income growth sits at record levels. Morgan Stanley credits Federal Reserve stimulus efforts for the surge, saying "the programs appear to be accomplishing their goal more effectively than expected."
"We're seeing a lot more younger kids come in with their Robinhood accounts. They're saying, 'Yeah, I'm 18. How do I trade?' It's relatively easy right now to trade options ... but a lot of these traders don't understand what they're doing."
— Vishu Namburi, co-founder of online investing server Eagle Investors, discussing how inexperienced many young day-traders are — something his platform is designed to help with
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