On this week's episode of the podcast, we talk about the most recent financial event that has affected both Wall Street and investors everywhere: the GameStop short.  

We give a bit of background of what actually happened that made GameStop stock soar for a short period of time, causing others in its industry like AMC or Nokia to suffer dramatically. GameStop's stock price has since gone down significantly.   

The big question then is: who will come out on top in the stock market: Wall Street or individual investors?  

For the second part of this episode, we give some preliminary advice for getting into the stock market and investing. We highly recommend you start your investing journey early using index funds or mutual funds from institutions like Charles Schwab or Fidelity. These are primarily aimed at consistent growth with low to medium levels of risk.  

If you want to get more involved in things like day trading, we really suggest that you first do your research. Figure out and understand on a deep level how the market works, especially for specific stocks. You can use online simulators and invest fake money to kind of see how the process works. Check this one out: https://www.investopedia.com/simulator/.  

Thanks for tuning in this week, come back every Wednesday afternoon for new episodes! Please like and subscribe to our podcast, and check out our main channel Balance Academy for video content!  

For more information, be sure to head to our website at balance-academy.net. You can find our merch there as well!