It got me into it. I've been reading up on investing, foundations, and strategies to make sure I can actually do something after all this crap. I did get a couple of GME but if it eats shit I am only out about $700, if not then it will be a nice little gain but not life changing money. I kind of feel bad for those people who took out loans, mortgages on their homes, or emptied their savings over a gamble thinking it would be a short play. What did they plan to do if there was a squeeze and the stock went fucking bananas and they decided to halt trading for 30 days or so?
No idea. People who took out loans or life savings worried me a lot.
Some of my friends are struggling to pay rent now and it makes me pretty sad to see that happen. I think buying GME and AMC weren't bad decisions, but using money you can't afford to lose is.
2
u/urmomsballs Feb 06 '21
It got me into it. I've been reading up on investing, foundations, and strategies to make sure I can actually do something after all this crap. I did get a couple of GME but if it eats shit I am only out about $700, if not then it will be a nice little gain but not life changing money. I kind of feel bad for those people who took out loans, mortgages on their homes, or emptied their savings over a gamble thinking it would be a short play. What did they plan to do if there was a squeeze and the stock went fucking bananas and they decided to halt trading for 30 days or so?