Aggie Class of 2026 said:
GreasenUSA said:
Aggie Class of 2026 said:
I'm new to this. Should I be buying a few GME stocks? I've been reading and saw the news on "Roaring Kitty"
I don't want to miss out on some type of crazy opportunity
Also, if I'm buying GME stocks, do I hold for a few days, months, or years? I'm only asking because I feel like this is some sort of situation that you buy and then sell once. Roaring Kitty" is done?
Sorry for the noob questions. Thanks
Others have posted some good advice in response to this.
My advice (to you) is a simple "no".
I appreciate everyone's input and I really mean that. I have been reading, watching YouTube videos, watching stocks during the day, and reading graphs of stocks. I want to get this right when I start investing. The one thing I feel comfortable with is an S&P 500 index. I have narrowed that down to a few.
I just couldn't help but wonder on this Game Stop ordeal. I don't know enough to fully understand what's going on there. It appears some YouTuber that's a known investor is playing with a bunch of money and a lot of peoples emotions. Did some of you buy earlier when the shares were $40ish and are selling the moment he does what he's claiming? Selling right before?
GME is rising fast but I'm guessing it will crash quickly and go back to a dollar or so.
I rode the GME madness last time in 2020/2021. I'll put it this way, it's not for the fraught. I have learned MAGNITUDES more since that time period in trading and markets, etc. Which has led me to be convinced that I am better putting 95% of my funds into the S&P500 or $VTI (total market index) ETFs. You will make a better rate of return on aggregate, over time then hitting it big on some "stonks". You just need to do it consistently over time. My entire portfolio (Roth, old 401Ks, reg account) is ~92% in those two ETFs.
If I had heeded my own advice when I was your age and get to where I am at by 33, I'd be like one of my ol' buddies who did exact that and now is worth ~$2.5M between his paid off mortgaged house and his portfolio. He freaks out watching his $5K of Tesla shares go down a bit, but is ok with plowing 85% of his paycheck into $VOO & $VTI. You tell me who is smarter?(hint it's not me). He's carefully limited his monthly spending and diligently saved a little by little each month. Helped he bought a house in Dallas before getting married with a $200K mortgage in 2014ish. But still lives there today mortgage free after paying it off 3 years ango or so with gains and is raising his 2 kids with his wife who doesn't work. The guy probably makes ~$175K between salary and EOY bonus.
That's what smart money does. I got cute as a 25-28YR old trying to be fancy investor and lost out on so much better return had I not just DCA'd into index/ETFs. You will learn a ton between graduating (assuming it's in 2026) and getting to ages 25-28 to me at 33 today. I'll be alright but you can learn from me, and all the other great folks & McInnis' here by just watching, reading, learning.
You can invest the $50 into GME and maybe make a few bucks. But you can also buy 1,000 shares of WWR at $7 because seemed like everyone else was on this thread and watch that crater to the earth to $0,50/share. (True story and it wasn't just 1,000 shares - I'll leave it at that). The real gold nuggets to be found here is the collective wisdom and insights we provide that you use through your own established investing filters.
Think of this like farming/ranching and you're tending to your own herd of dollars trying to grow it. But you have access to all the old ass (no offense Prog) ranchers who explain why they think it's about to rain even though there ain't a cloud in the sky and it's sunny.
Be the farmer who still prepares his field for rain even though it's been a drought for years with no rain. Not the farmer who gave up and didn't prepare his.
Edit: one thing I meant to add, I'm riding GME this go-round with 100 shares I bought the early morning hours after Roaring Kitty first tweeted weeks ago at $20 and the 1 call option I bought earlier this week for $200. It's a tiny percentage of my overall portfolio. Just don't ask Brewmaster if I bought more yesterday AH and the day before. Always use stop limits to hedge yourself.
