The bar where stock tips may cover your tab
In the US, retail investors poured into Reddit’s Wallstreet Bets to get hot stock tips. In Japan they have opened a bar where investors can thrash out stock punts.
The brainchild of Satoshi Uehara, the pseudonym used by a popular investing influencer on Twitter, Stock Pickers was set up in March after a crowd-funding campaign that took in more than $50,000 (about R7.4m).
The bar has been almost full nearly every day since it was opened, said Riki Yamauchi, a finance professional and the bar’s PR manager. Yamauchi said many younger investors come
to meet Uehara, who has attracted a following for his advice on how to get started. More seasoned traders also come to offer their investing savvy to newbie traders.
“People’s mentality is changing — you really have to think about how to structure your wealth,” said Yamauchi.
Investors can try a “Margin Call” — one of the many investing-themed drinks. Made with vodka, grenadine
and Campari, the cocktail has a biting taste intended to evoke the bitter feeling traders might experience on getting that unpleasant call from their broker.
Among the non-alcoholic options, there’s an “Abenomics” — perhaps named because it’s less punchy than investors might have hoped — made with cherry blossom syrup and grapefruit juice.