"A Harris Poll survey commissioned by Dub in June highlights the contradiction: While 60% of Gen Z and 66% of millennials are investing in the stock market outside of their 401(k)s, just 17% of Americans feel "very confident" in their understanding of how markets actually work. Most believe investing, rather than a traditional nine-to-five career, offers the fastest path to wealth-a dream increasingly shaped by viral TikTok finance videos or meme-stock success stories rather than grounded investment knowledge, Wang told Fortune this summer."
"Copy trading, the concept underpinning Dub, allows everyday investors to automatically replicate the trades of more skilled market participants in real time. Instead of picking their own stocks, users can select vetted traders, hedge fund veterans, and other experienced investors to follow. Whenever those investors make a move, the same trade is executed in the user's account, mirroring strategies and outcomes."
"Wang grew up 20 minutes outside Detroit, the child of poor Asian immigrants who both worked in the auto industry. He watched the city's decline after the Great Financial Crisis and the auto industry's blows to blue-collar families, an experience that shaped his desire to build a more stable financial future for himself. A self-described "hustler," Wang sold Pokémon cards on the playground and flipped Air Jordans in grade school."
Steven Wang began investing as a child and now runs Dub, a copy-trading platform targeting peers seeking easier access to markets. A June Harris Poll commissioned by Dub found 60% of Gen Z and 66% of millennials invest outside 401(k)s, yet only 17% of Americans feel very confident understanding markets. Dub enables users to automatically mirror trades of vetted traders, hedge fund veterans, and experienced investors in real time. Wang aims to democratize professional capital deployment techniques and counter financial literacy gaps amplified by viral social-media finance content. His working-class upbringing near Detroit motivated his focus on financial stability and wealth-building.
Read at Fortune
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