4.6 • 8.7K Ratings
🗓️ 28 January 2021
⏱️ 26 minutes
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0:00.0 | So back in 1999 in my early 40s, I had a modest individual retirement account, and my account |
0:08.4 | manager was Charlie, who made suggestions when I had money to invest. I must have had a speaking |
0:14.5 | engagement that year or something, because I had $1,000 to put in. And he suggested that I buy 65 shares of a $15 stock, total cost at $975, called GameStop. |
0:29.6 | Now, following my portfolio, as it were, tends to make me bored, or worse, anxious, or worse still greedy. |
0:38.4 | So I pretty much ignore it. |
0:40.6 | My husband doesn't. |
0:42.0 | Back in April, he said, you still have GameStop? |
0:45.2 | It's $3.50. |
0:47.7 | And I said, yeah, yeah, yeah. |
0:50.2 | And just to needle him a little, I added, hey, you never know. |
0:54.4 | When your investment shrinks from almost a grand to 50 bucks because you ignored it, |
1:00.3 | the rational move, I reckoned, was to continue ignoring it. |
1:06.1 | GameStop is a corporation that sells digital cartridges containing video games, |
1:10.7 | and also video game consoles |
1:12.7 | and other fun widgets from brick and mortar stores to flesh and blood customers. |
1:18.4 | It's a thing of the natural world and so must abide by its physical loss. |
1:24.1 | The stock, on the other hand. |
1:26.2 | Video game retailer, GameStop is set to continue their head spinning ascent today. |
1:30.6 | Shares are now up more than 60% pre-market. |
1:33.1 | Trading in GameStop, we're talking about it more, going absolutely nuts. |
1:37.9 | If you just look at the volume in the last few days, there's never been anything like it in its history. |
1:44.2 | For most of last year, the company was worth a pretty dismal $250 million. |
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