“I turned $1 into $4000 in three hours doing this one simple thing.”

For a lot of people this will merit an eye roll at best as they continue scrolling through social media. But, the Generation Zs of TikTok are lapping this – and more investing ‘tips’ like it – up and sharing it far and wide.

There are countless videos of teens and young adults discussing stocks that are “guaranteed to go up” and how to turn their ‘Stimmy’ (the US’s $600 stimulus cheques) into $13,000.

While online cowboys promising schemes to get rich quick are nothing new, the age and impressionability of their audience...