The Funny and Very Sad Fall of GameStop Explains Everything You Need to Know About Investing
Throws life savings into a meme because Reddit told him to
Emotional investing is not a good idea. Greed, FOMO, or hype are all bad reasons to invest. The psychological impact is much worse from losing out on investment than making it big on one.
All that said, last week I got emotional. So much was happening surrounding GameStop (GME), and it was happening so fast. Wall Street was losing, the internet was winning, and there were a lot of fire memes along the way.
Here’s one of my favorites,
I couldn’t help myself and got caught up in the hype losing nearly $1,000 in the process. I got lucky, I lost what I could lose. Others however were crushed by making potentially life-changing mistakes (And I’d be remiss not to mention some who made out with thousands, even millions of dollars)
Subreddit WallStreetBets — the online community that orchestrated everything — is a dangerous place. I say…
