From the boom of cryptocurrencies to the Gamestop saga, Reddit has become the hub for conversations and ideas for retail investors. Here we explore the best subreddits for retail investors in 2022.
As more and more retail investors view mainstream media’s portrayal of markets with scepticism (e.g. CNBC), trust has grown within the subreddits they occupy. Therefore, these groups are increasingly viewed as better sources of truth, despite some bots and trolls along the way.
Reddit communities behave just like any other forum. And the words of anybody should not considered as appropriate financial advice. Thus, the real value is in the conversations, analysis and debate taking place.
Best subreddits in 2022 for retail investors
r/wallstreetbets
The biggest subreddit community on stocks, r/wallstreetbets boasts a total of 10.5 million members as of 2021. The members, self titled ‘degenerates’, the community focuses on combining internet humour and stocks. Thus, r/wallstreetbets, known for its meme stocks and dark/vulgar humour, r/wallstreetbets made its way to fame.
The community is known to promote a carefree style of investing.
r/investing
The best Reddit community for beginners and those getting started on their journey into stocks. r/investing provides detailed descriptions, accounts and how-tos of the basics of stocks. Additionally, it provides users daily news updates on the stock market and ongoing discussions on market trends.
r/stocks
The second biggest subreddit community for everything investing, r/stock boasts 2.8 million as of 2021. The community gears itself towards serious audiences and members ,with little to no jokes and commonly found internet humour.
The main concentration of r/stocks lies in members posting company analysis. Additionally the community also sustains factual discussions of dividends and economic conditions. This community belongs to those serious on the ins and outs of stocks.
r/algotrading
This Reddit community targets the techies. With strategies based on complex algorithm, the community bases themselves on compute generated market predictions. Thus, it provides ample facts and information and promotes day-trading. However, the complex financial and technical nature of the community may feel a bit overwhelming for newcomers.
r/pennystocks
Another stock community geared for beginning investors, generally targeted towards young adults or those on a budget. r/pennystock explores the world of buying stocks at a minimal price point. True to its name, this community looks at profiting in cents and purchasing in pennies. Additionally, the community focuses on the long run of micro cap stocks, these redditors hope to profit on a budget.
