In this episode, we discuss what we can all learn about the right ways and the wrong ways to build sustainable wealth in light of the recent GameStop fiasco.
~ Access our FREE Infinite Banking Beginner course here:
https://livingwealth.com/beatinflation
~ Get resources and transcripts from this episode by visiting:
https://livingwealth.com/e113
The GameStop stock price has been on a tear, going wild for the past couple of weeks, increasing value by orders of magnitude. It was all based on a Reddit forum, essentially seeing that the Wall Street gurus were all shorting GameStop. They were shorting it because they thought that GameStop would lose a bunch of value. The company was experiencing a challenging time navigating as a business due to the results of the pandemic. GameStop is a video game retail outlet that mainly lives in malls, a type of retail outlet walloped by the pandemic.
We share our thoughts on the big takeaways from the events.
Topics Discussed:
- The backstory on GameStop, the short-sellers, and Reddit
- What made main street investors deeply want to stick it to Wallstreet
- Exploring what strategies build sustainable wealth and those that don't
- Understanding what examining if a firm produces real value for the market and why that's important
- How to know when you're gambling vs. investing
Episode Resources:
* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/