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Wannabe Traders Chase Dream of Student-Loan Payoffs Via Market Wins

  • Trying to trim $1.7 trillion owed through stocks, crypto
  • Advisers warn of risks as S&P 500, Bitcoin have sunk this year

Viral success stories of people who used the post-pandemic stock market to trade their way out of mountains of student loan debt keep inspiring do-it-yourself investors.

But while equities have provided a time-honored route to wealth creation for generations of Americans, aspects of these latest get-out-of-debt-quick efforts sit uneasily with Wall Street’s conservative-investing old guard. With the fight against inflation whipping up volatility across asset classes, and exotica like cryptocurrency still finding its way into retail portfolios, they warn that the risk of bad outcomes is as high as it’s ever been.