It was a year when Main Street pit their strength against Wall Street. It was a time when online retail forums, led by the legendary "Roaring Kitty" aka Keith Gill banded together to trigger a historic, multi billion dollar short squeeze that completely broke traditional Wall Street risk models and sent institutional short sellers into a total liquidation panic.
For a brief intoxicating moment, the online forums & retail "Ordinary Joes" felt completely untouchable.
But the reality of corporate fundamentals reasserted itself. GameStop dropped like a rock to the bottom of the ocean.
The lesson I learnt was single stock hype is unsustainable. To build wealth, automated diversification is the key to success.
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- Ah_Meng·08-23 09:40TOPI read about when you first started… think that was around COVID in 2020… you are still considered a newbie but you have started well… the one thing you didn’t have is to experience the market crashes… that would test your mantle and set you up as a true investor… [Chuckle][Evil] With a solid foundation, I am sure you will learn how to adjust when it comes. Just to be sure, market gives what it wants. We have to accept what it gives… of course, you could have a different view once you have experienced the baptism of fire 🔥…2Report
- 1PC·08-22 23:19TOPNice Sharing 😁 @Barcode @JC888 @Aqa @DiAngel @Shyon @Shernice軒嬣 20002Report