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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

GameStop Stock Frenzy Explained

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Real Estate, Business, Education, Self-improvement, Investing, Money

4.6858 Ratings

🗓️ 29 January 2021

⏱️ 26 minutes

🧾️ Download transcript

Summary

On this special episode of DIY Money, Quint and Daniel explain what you need to know about the GameStop stock frenzy.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.money. Now, enjoy this episode.

0:21.9

Welcome back, ladies and gentlemen, you're listening to another edition of DIY money.

0:25.7

We're getting right into it today.

0:26.8

We got no business to do all the nonsense.

0:30.9

Blah, blah, blah.

0:31.5

We'll get coffee.

0:33.7

Coffee.

0:33.8

This is a special DIY money.

0:38.2

It's been a very long time, I think, episode one through eight, we just came on and just rambled a little bit.

0:44.5

And then we got the inspiration, probably, it probably felt like that, to do the questions.

0:49.2

But today we're going to take a break from questions.

0:51.9

And I think it's very important to address what is happening

0:55.7

out there in the environment from our perspective.

0:58.4

And I need all of you to stop what you're doing and listen. You, I'm sure, are reading a lot.

1:06.0

You are hearing from your friends. You're getting phone calls maybe. You're calling others

1:09.8

about what's happening in stocks like GameStop, AMC, Blackberry, what's the other one, Koss, let's see this morning, it's, I think, United Air, American Airlines, they're even targeting silver now.

1:26.1

So what's happening, unless you've been living under a rock,

1:29.5

and started with GameStop, is a concentrated effort.

1:33.8

I'm just going to say what it is, and then we'll break it down.

1:36.1

A concentrated effort to create a unbelievable short squeeze,

1:43.0

resulting in a dramatic increase in price.

1:48.6

So, Daniel, break that down a little bit from the CFP perspective, talk about, you know, what exactly is happening.

...

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