And even though we're all focused on GameStop right now, we shouldn't forget about companies like Tesla. Should people invest? Absolutely, but not necessarily in GameStop-there are dozens of opportunities like that every year, so don’t feel bad if you think you missed out on this one," the expert stressed that timing is everything but that other opportunities will always present themselves.Īccording to the independent investor, wild fluctuations in price are something that we sometimes see in the "traditional" stock market from time to time it's not just an everyday feature of the cryptocurrency market. "Secondly, one of my personal golden rules for investment is the following: if everyone, including your grandmother, is talking about some particular stock or cryptocurrency-it’s already too late.
"First of all, nobody knows the future, and if any financial guru (whether anonymous or sitting in an expensive suit in front of you) tells you about some ‘guaranteed opportunity to double your money,' consider it a red flag," he pointed out that anyone making investments should be careful and think for themselves. A one-word tweet from Elon Musk caused a further massive GameStop stock price surgeĪ banking expert and independent investor spoke to Bored Panda about the current situation in the stock market and all of the investment advice floating around on the net and on the news under the strict condition of keeping his identity anonymous. And not everyone can be a winner when it comes to stocks. If you do decide to invest, do so at your own risk, and don’t gamble away your future just because you’re hyped to become a millionaire-just like everyone else is. Sure, the stock price might be rising now, but you never know when it'll fall (and any expert who tells you that they know how the market will change for sure is selling you snake oil, whether they’re from Wall Street or from Reddit). And be sure to read our in-depth interview with a banking expert and independent investor about what's going on with GameStop.īut before we begin, a big, chunky note of warning for all of you: never, ever trust any random bits of advice about investment opportunities that you read online without turning on your critical thinking and evaluating your current financial situation. For instance, Bloomberg reports that “one trader turned $53,566 into more than $11 million.”īored Panda has collected some of the best memes about and reactions to GameStop stonks battle between Reddit and Wall Street, so scroll on down, give your fave pics a big ol’ upvote, and let us know what you think about the entire situation in the comment section below. Some small investors have already ended up millionaires because of this.
Now, Wall Street hedgefunds that were shorting stocks are hemorrhaging money. Meanwhile, Wall Street was betting on GameStop failing as a company and its stock prices to stay low.
In short, small investors, who are mostly based in the r/wallstreetbets subreddit, are massively investing into GameStop because they believe in it as a company, causing its price to surge upwards.