Source: https://www.microsoft.com/en-us/research/wp-content/uploads/2017/03/investment-echo-chambers.pdf
TL;DR: Following investment message boards has no correlation with better investment performance, but does get you to trade more often, which has a negative impact on performance. The study found most discussion is driven by a small percentage of users, and that 50-70% of users underperform the market average.
So… carry on.
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