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Money Guy Show

5 Financial Lessons Learned From GameStop!

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 3 February 2021

⏱️ 72 minutes

🧾️ Download transcript

Summary

GameStop, GameStop, and more GameStop! What in the world happened? Unless you've been living under a rock, that's all anyone has been talking about for the past week. And many people still have no clue as to what is going on, so that's where we come in. We're breaking down the entire GameStop situation and giving you some tips and tricks to apply to your personal finances as well. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Five, lessons learned from GameStop.

0:04.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:11.2

investing, taxes.

0:12.9

You've got financial questions, he's got financial answers.

0:16.5

It's Brian Preston, the money guy.

0:19.3

Yeah, Brian, I'm super excited about this day's show because the world is super excited

0:27.7

about this day's show.

0:29.7

I felt like you could not have looked at any financial news, media, outlet, website, blog,

0:35.6

newspaper if those things are still out there without hearing about GameStop, without

0:41.3

hearing about Wall Street bet.

0:42.8

And that's probably the first place we had to start, though.

0:45.4

It's just, I think a lot of people have the question, did GameStop break the stock market

0:52.4

or is this thing just completely off the rails because are we down to the point that you

0:58.3

need to lock up your family because there's roving bands of Reddit boards where they're

1:03.0

just going to drive all stocks, you know, set north, you know, make a lot of money all

1:08.0

at once or they go to come and plunder and all stocks are going to go down.

1:12.6

The short answer, none of them above.

1:15.2

No, you know, and this is, guys, you need to understand how unique this whole GameStop

1:21.1

thing was.

1:22.1

I'm excited that Netflix has a movie or whatever docu series that I heard that rumor

1:28.4

too.

1:29.4

Is that real?

...

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