GameStop Stock Plunges | 7 Lessons Every Investor Can Learn from the Epic Crash

GameStop Stock Plunges--7 Lessons Learned 📚 My book, Retire Before Mom and Dad-https://amzn.to/2MsRJ9B📊Best investment tracking tool-https://go.robberger.com/empower/yt-

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0:00 GameStop Stock Plunges
1:10 #1 Short term, fundamentals aren't important
The price of a company's stock, in the short term, may deviate significantly from the company's intrinsic value.
2:31 #2 Long term, fundamentals are all that matters
Over the long term, however, a stock's price reflects the company's true value.
3:24 #3 Luck vs Skill
One of the biggest mistakes an investor can make is to confuse luck for skill.
4:41 #4 We can't predict the next GameStop
Don't believe those trying to convince you they can pick the next GameStop. They cannot, and neither can you.
5:47 #5 Short-term trading is dangerous
Short term trading almost always results on losses over the long run.
6:51 #6 Don't follow the herd
Following the investing herd is a great way to lose money.
8:15 #7 Invest to build wealth, not hurt others
Invest to build wealth, not to hurt others or make a point.

GameStop stock plunged 60% yesterday. It has fallen from a high of over $400 to now under $90. We can learn 7 important investing lessons from GameStops historic rise and fall.

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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