I've been staying away from GME stock, because of how volatile it is. No real value there, it's just speculation. It has mostly crashed already and it will go down all the way in next few days I believe.
Yeah, unless you just happened to already own the stock, it's playing with fire. Lots of people will have lost lots of money through this.
The nature of the business is one in terminal decline, because games are increasingly bought online or streamed, so the future for any bricks-and-mortar store that lets people exchange discs is bleak. There isn't any long term value there.
Whatever happens with a bubble, the market will always return to balance at some point.
I go to that Reddit thread everyday, and I'm baffled at the stupidity there. Lot's of people lost money on this deal. It's basically a pyramid scheme. Get in early get out early and maybe you'll make money.
What amazes me is how the idiots think the likes of Elon Musk and Mark Cuban are "on their side". They are using them like fools for quick pump-and-dump schemes to get even richer and the schmucks fall for it and worship them as they loose their money.
At the moment I'm making more $ with trading than with my job. Hard work though. But lots of money to be made.
Just think that if you had invested $5,000 in Zoom stock in 2015 when it was $0.01 it would be worth about 200 million today. Crazy stuff.
Yeah, our investments have done very well since the market correction caused by Covid. Lots of bargains to be had and still some great companies that can be bought at deflated prices.
While everyone dreams of the 1000% growth stocks, the reality is that most of the time buying solid companies paying decent dividends is going to provide a good retirement for quite a small risk and little effort. There are so many good low-cost ETFs now it's hard to go wrong.
But after that, putting some extra into a "play fund" is fun!
