in late January that he took out a $20,000 personal loan and used it to purchase shares. Then the buzzy stock plunged nearly 80%.
He didn’t want to touch his index-fund investments, so instead he got a personal loan with an 11.19% interest rate from a credit union and used it to fund most of his GameStop purchase. He bought shares at $234 each.GameStop shares started the year around $19, zoomed to nearly $350 in late January, and then began to spiral back to earth. The shares closed Friday at $52.40, down 85% from the peak close.
He plans to hold on to the shares because he believes in the company’s turnaround, he said, and use his paycheck to cover the monthly payments on the personal loan. Once the pandemic is over, he hopes to move back to his native Philippines, live off savings and start a charity. The GameStop loss set those plans back about six months, he said.
With business sluggish, the 31-year-old started spending more time researching stocks to include in his $15,000 portfolio. He “lurked” on WallStreetBets, reading about other investors’ wild bets but not posting much himself. “It’s like reading ‘Florida Man’ news headlines with a Wall Street twist,” he said.
Taking out a loan to bet on a stock, any stock, is galactically foolish. I'm down on some stocks like anyone but it was all cash I could afford to lose.
Bummer. This is important, noobs - Buy the dip, sell the peak. Don't buy at a rapidly spiked all time high
The problem with investing into a hype instead of trusting professional money managers.
Should have taken his $20k loan to a casino. Would have had more fun and gotten a meal out of it. Don’t glamorize this guy. He gambled and lost. Simple as that
30 iq retard
Hope it's a fixed rate loan, hang In there, the coming inflation will wipe out the debt
And it would have gone to a 1000 if robbing hood didn’t block people buying it
You can't stop stupid.
A loan for gambling? Lol what cain of bad news is that? Everybody knows that the stocks are like a casino!!!?
Hmmm....what did PT Barnum say?
Never, never buy high
Study first then invest..
Paid the stupid tax.
Choices have consequences.
Dont bet more than you can afford, dummkopf.
His own fault.......tough way to learn a lesson.
It’s called ‘Wall St Bets’.
Shit happens.
So, another example of dumb people making dumb choices. Been going on since beginning of time.
In other breaking news, stupid people continue doing stupid things.
The House always wins in the end
hksk2007
He's not an investor, he's a gambler.
Did anyone hold a gun to his head? No? Sucks, sure... But it's his own damned fault
No compassion for him. It’s gambling and he decided to gamble. Live with consequences and repay your loan. Learn your lesson.
If you can pull a 20k personal loan you can buy a house 🏠 buy property then stonks! 💎🙌🤑
It might have been tricky to work with diamond hands anyway.
At least the main stream media does not mock him of having no moral compass, GameStop shareholders are way more luckier than Sino-Forest investors: GME ShortSqueeze stocks regulation US Canada TSX investment muddywaters sinophobia
Should I feel sorry for this idiot? Investing ain't a game, sucka.
Did he use Robin Hood the app that caused the stock to start dropping because of their interference with the ability to trade the stock?
Enough to reopen a closed location and wait for wasted sales to pick up?
If you gamble, be ready to lose money.
Huge L.
🤣🤣🤣
I looked (out of curiosity) at some crowd funded real estate investments & wondered how they could do DD for a $5k investment. We spent tens of hours&sometimes engaged attorneys to look at larger investments; you can’t justify that for a $5-$10k investment. It’s just faith. (2/2)
Here we go again—we just got through enacting Reg A/A+/CF so that retail/“Main Street” investors can participate in the markets like the rich guys...of course they’re all gonna get screwed. Now we have to restore regulations to prohibit non-institutionals from being taken. (1/2)
Rinsed
Because, checks brain, he’s a dumbass?!
Thanks for showing us the face of an idiot.
NEVER gamble with money that you can’t afford to lose.
Cancel bad trade debt!
If only someone saw stories like this coming
And I should feel bad why? One, who is giving a security guard a 20K unsecured loan. Two, he invested in a meme stock. Three, I guess we should cancel this like student loans right? 🙄
Was that enthusiastic or stupid? I bet someone thinks he should be bailed out. How about the the guys who missed out on big gains like me? I thought about buying $TSLA last March... oh the money I would have made. Anybody?
And the one’s that made money probably gave it all back by thinking this is how it always goes!! I appreciate their money though!
Man, of all things GameStop, dude should of bought $20k of Bitcoin 😂 and borrowing what you can’t afford to pay back is crazy
Hahahahahaha, he is very “lucky” guy
And others have won BIG. Interesting how the 1% get together to (discuss) next (venture) quietly. However, when (others) do the same all hell breaks out.
I have and continue to learn many a lesson. Next time he’ll take out a $15,000.00 loan and put it in AAPL.
There is a lot of risk in taking financial advice from people who refer to themselves as Autist or Retards or both at the same time .
NazariArmaan
He took financial advice from............ a bunch of snotty-nosed millennials on Reddit? I think I can pin point the problem.
I only invested £80 so I guess im lucky 😂😂
If he was smart enought to know that he has no fucking clue how stock market works, he wouldnt be in this position. Being dum is very dangerous because you dont know how dum you are. His dumnes made him smart, hopefolly this will start him a path to suckses.
As I always said the stock market it’s like a gambling Casino with bus loads of people coming to play the slot, drink and do the shopping. This Is how they make Money . Are you one of the Busload playing the slots in the stock market and losing ?
Sons, daughters and relatives of some BURMESE GENERALS (CRIMINALS) are dwelling in Unite States, UK, Australia and many other first world countries. Dear first world nations, Why were they accepted? Why are they still accepted in your country? myanmarmilitarycoup
Dude borrowed money to gamble. Yikes.
In life, unlike school, the lesson often follows the test.
Yes wsj do try to scare investors away with your stories.
An expensive life lesson
Good! Hopefully there were some lessons learned
This item has been posted practically every single day for several weeks- We’re tired of seeing this tweet about a stupid 25 year old.
Shocking. Who could have predicted that.
Why is this news?
It’s not a game. And borrowing money to buy an overpriced speculative stock that had no reason to go up doesn’t make you a victim, it makes you foolish.
Which is why you don’t do what they did.
Let's amend the Covid relief bill to pay off GameStop speculation debt.
People who have no idea what they are doing should not play in the stock market at all, let alone with borrowed money. Hopefully his unfortunate situation will act as a cautionary tale for others.
Clearly has no sense of market history. It's one thing to play with money you can lose in a silly game of running a dismal company's valuation up to shock shorters, and other to borrow to do it.
😂
smry_it tell me more
Why does this same logic not apply to student loans?
That’s because they weren’t investors!! What that was gambling and attempted manipulation. An investor wouldn’t do what they did!
If it sounds too good to be true, then it probably is. idiot.
A fool and his money...
Just not true, WSJ try to frighten people who just beat the ugly Wall Street
People still get traditional loans with a bank? Better off with DEFI
Quit shilling for the big boys and acting like you are for the small investor. Banks, Investment firms, funds and large investors rig the game all the time and cause most of the financial downturns.
Don’t invest what you don’t have. He took a gamble on a high risk stock and lost. That’s life!!
Buy the dip? Lol
last week his personal loan was 25k , this week 20k, which i don’t give a damn but putting same shit in front of us over and over it’s not a journalism!! there is a lot more to worry about, this guy was dumb , which lead him to make mistakes that’s it.
A digital pyramid scam - first in first out - last man is left holding the bag!!!!
Doesn’t seem like a very smart idea.
Degenerate. I made 400%
You should see these dolts on stock twits. If the stock goes down .30 cents the sky is falling. Stupid gifs rain down and bogs down the channels and website. Insanity. I love it becuase they are my liquidity.
Dumb.
I don’t invest in the stock market for several reasons. Mainly because I don’t like roller coasters and it’s become an amoral greed pit.
Government should bail them out. And cancel student loan debt. And my mortgage
Here we go again...😣😖😫😩
generous use of word 'investor'
Hopefully he learned a valuable lesson
a fool and his money.....
It is foolish to take out a loan to buy shares. Never invest more than you can miss.
um what can I say
This Guy should sue robinwood
9 quarters of losses, information is free. No sympathy!
“He didn’t want to touch his index-fund investments, so instead he got a personal loan with an 11.19% interest rate from a credit union” Human stupidity at it’s finest...
If he’s still holding then he’ll be fine. Short squeeze hasn’t happened yet.
profgalloway
Touched the oven. Bet he won’t again.
What a clown 🤡
He learned a very expensive lesson. I hope he learned from his mistake.
Buying anything on the stock market is a gamble. Never buy what you can't afford to lose, it's risky business and a lot like Ponzi schemes.
In a year of pandemic and death, what cause did Reddit, CEO Steve Huffman, & Keith Gill pursue? Was it helping those in need? Was donating time for a cause No, they encouraged Reddit users to put their life savings into gme stock. GME stock buyers lost millions.
Pierpont Morgan sold when he hear a chauffeur telling how he was buying shares,as he heard it was a easy way to make money.
Besides lots of people losing their life savings, a major focus of this scam is going to be the structure of Reddit. It as a company took part in this scam. It wasn't just 'rogue' users. Keith Gill is an insider and reddit helped him perpetuate this.
Tell us about how many like himlost fromthe stock market over the course of the last century amidst insider trading and market manipulations Investing is for ADULTS. RISK is YOURS. No Story Here. It’s how The Market Manipulators Designed it For Themselves .
The only recourse would be if he was prevented from selling stock he purchased (don't think he was). Life lessons suck sometime. Being a gamer, I see GameStop's writing on the wall. They're the new Blockbuster. Only a matter of time. I wouldn't have invested.
'Dumbass Loses Money'
Hope he’s still holding! Patience!
Diamond hands
Once you put $ into any business where the “investment” value is completely untethered to the business or even its fundamentals you are just purely speculating and not investing. Lesson learned.
Who would give a security guard a $20k unsecured loan? Lol
How man times you gonna post this wsj
Guy didn't sell while up. Crazy. Totally nuts.
Steve Huffman and Reddit must be held accountable for the mass scam running across all parts of Reddit to get users to buy GME stock. Wealthy insiders are getting richer by creating YOLO scams on reddit
I recommend 'Reminiscences of a Stock Operator' to all newbies in the market. Computer = modern bucket shop.
Seems like an all around good decision maker
This guy lost money on a stock that rose over 800%.
This video was taken over looking Lahinch Beach County Clare 🌿 Ireland today. Sharing for those who miss Ireland ☘️🎩🇮🇪🌀 ...
It’s called life lessons. Better to learn this one at 25 than 55
i feel sorry for this young guy. first he makes a terrible bet and loses a lot of money. then he advertises his stupidity to the entire world. what's next for him?
They censor users who warned users not to invest in GME. Reddit is a big echo chamber for qanon-like users. Many of reddit's users lost their life savings on this scheme. Keith Gill is being sued for starting the scam. Let's hope Steve Huffman and Reddit are sued next.
This isn’t the story.
Is Steve Huffman going to reimburse all of those 'diamond hands' who lost their life savings in this YOLO fun
So wait. Investing in meme stocks because REDDIT is stupid? Hang on, let me get a pen and write that down.
Yeah, better get a lawyer and sue the Reddit guy because it’s not your own fault...
Free will.
Investment Apps can be classified as scams tbh
He should sell his story to a newspaper.
Am I supposed to feel bad for this guy
lmao this dumbass
still better risk management than hedgefunds
Should of bought when it was $20 and jumped to $400. But who would of known that?
We know and don't care. He's an idiot Why do you keep posting?
So what?
Get educated or get crushed ..
Then people say trading is a gambling. But they don't know anything just choose blindly.
🤡
He’s a grown man who wasn’t smart enough to invest properly! This is his fault and his fault only!!
😭😭💔
Stocks = Risks. Losses happen every day. Why is this news?
Frankly he got what he deserved. Greed has no limits. I suppose he wants the government to bail him out.
U shouldn't be in the stock market at all if you don't know if you ARTIFICIALLY conspire to affect a stock it will return to close to what it's actually worth. I would call it a sting!
🤣 couldve invested in an A.I tech startup but nooooo
FYI EBUYUKARSLAN
He is an idiot. Or this is a planted story to help hedge fund managers?
I am sure many people thank them for their donation. If you look at investing in the stock market to realize short term gains it may just be easier for you to throw your money away at the casino.
Only invest you willing to loose also never borrow money from anyone to invest / gambling. Do your own DD. Don’t get in running train. I invested in GME and still holding since November 2020. 30% sold it to take it back my investment. Always have a plan.
Please tell him that GME is still short. It will cross 3 digits in near future...
Oh no! Hard lesson to learn.
I'm sorry this happened.... But don't do stupid shit.
Stupidity is out of control
Welcome to Adulthood. If you make a financial decision, be an adult an pay for it.
should people be responsible for their own decisions? no, we need government to protect us from our dumb decisions. of course giving govt that power would also be giving them the power to protect us from good decisions as well.
😆😅😂🤣 Hopefully, some of these people learned a lesson
🤣🤣🤣
Ah yes WSJ journalism at its finest. Real great work here 🙄
Looking IG Influencer? socialmediamarketing instagraminfluencers influencermarketing SMM onlinemarketing Fiverr digitalmarketing BBCNews
He stupid. No sympathy for him. Just shaking my head at him.
The price for GREED!
Greed and ignorance...deadly combination. 💰💰💰😎😎
TheNewAmerica77 Idiot
I still can't fathom how so many investors like this guy got suckered into paying such a high price for shares in a company that had such lousy fundamentals. What were they thinking?
Can't protect everyone from themselves.
it was not an “investment”, it was a bet
Primer on... Left brain-right brain
Others made a lot! Markets.
Wonderful story! 👏🏽👏🏽👏🏽
Shocker...🤷♂️
Well this guy... this guy isn’t very smart...
I feel sorry for the good dude, seriously!! . . . . but it's stock market man! everything you can or can't imagine is there! and anything can happen man!
F
If it looks to good it probably is. The stock market is gambling. What goes up will come down. If you borrow money needed for other things it's a risky behavior and a warning. What looks good for a few days will be lost in an instant leaving you upset and in debt. Win don't buy!
I’ve seen this reposted like every single day🥱
He has $50k in an index portfolio, this fucker just didn't want to risk his own money and instead wanted to gamble with a loan. Should've just sold out of his index, get in for quick profit, and btfd back on the index. Pigs get slaughtered all the time.
That’s his risk, no one made him do it!
They got greedy, They were warn by professionals not to invest in it.
Here we go...get ready for this to be an excuse to regulate the little guy. If we need protected, maybe bar us from lotto tickets, casinos, and any other high risk activity. This guy lost money, oops.
That was pretty foolish of him...
Hold. Good news is coming...😎
Is his description to start your tweet supposed to invoke empathy?
You had no idea what you were doing with the stock market.
There was a time the only picture a reporter could get to accompany this type of story is one with the patsy holding his hand up to to obscure. The shame was a thing to avoid.
But this time it’s different....
Aka he’s a moron lol
You shouldn’t borrow money to play the Stock Market, it’s too risky
This article sounds like a prelude to 'government must protect these people from tthemselves!' And how? By making sure only the rich can play the game of wealth creation, right? Stupid people do stupid things. Don't ruin it for the rest of us.
Wait. The get rich quick scheme didn’t work?!
What’s the relevance of him working a security job? He’s not smart enough to be aware of the pitfalls of investments?
Isn't this because someone lobbied the SEC and let retail brokers only allowed users to sell?
Hey kid....
Lmao
$30,000 and all I got was a meme.
What's that old saying if it looks to good to be true.........
💎🙌💎
When private equity chops up thousands of well paying middle income jobs you don’t write sob pieces for the job losers. Why now?
A fool and his money.....
Need to understand that investment is not gambling
Yeah, that was the risk. And?
That's peanuts compared with what damage the Bitcoin crash will cause
Play stupid games win stupid prizes
I’m new to investing but have clearly seen it stated many times, especially on social media platforms like Twitter, that investors and specifically “inexperienced small time investors” should only invest what they are willing to lose. It’s a gamble! Nothing is for certain.
yikes
That's because it wasn't an investment. The stock market is a suckers bet for people who can't or won't research fundamentals.
Ahhh. Sweet memories. I remember when my husband did this on a composites company’s ipo back in the day... we live, we learn.
REKT.
And? He consciously took out that money and bet it in a way that's no different than betting on the Knicks tonight. And he lost. Sorry!
that's what happens when you act like the stock market is Vegas I guess They'll Learn If Money is too easy to make, there will be a significant downside Nothing is that easy 🤨
Rule 1. NEVER invest or gamble with borrowed money!!!!
This article is dumb. Taking out a loan to buy any stocks is unbelievably stupid and he should be laughed at for it. Anyone who understood what was happening with the short sells knew that buying game stop and holding it was a losing proposition designed to screw hedge funds.
Dope
He learned a lesson or two
Try again, maybe pick Nokia this time
Same thing the hedge fund did
Its the banks fault for giving him the loan. Did they even ask why he needed the money?
🤦🏻♂️
Nice try MSM but these hands are holding diamonds
If he had taken out a $20,000 loan and gambled it away at a casino, we wouldn't even bother mentioning, much less feel sorry for him. Why should it be any different when he knowingly gambled and risked it in the stock market? Be smarter with your investments
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A good way to learn and get better. He is young he can certainly generate much better results.
First mistake, borrowing money to speculate in the market. Absolutely moronic.
Teach them a lesson not to be greedy dicks.
I haven't read this article but unless it is to relentlessly mock him then you should stop wasting our time
He is a moron and dont bank your life on a meme stock. This wasn't even the point. The people who were trying to get rich weren't there for the cause anyway.
A fool and his money are soon parted
Should have bought bitcoin
lol it’s amazing how he got a 20k loan and only make about 25k guess he got a good relationship with the bank!
Wow. Incredibly stupid stuff.
First rule of investing: ONLY INVEST WHAT YOU CAN AFFORD TO LOSE.
“A 25 year old dumbass...” Fixed it for you
More Signs There May Be A BIG BUBBLE, but there is no other choice but stocks (for yield) & liquidity is aplenty.
Idiots census!
If he won big would you be running this story?
Isn’t that the risk? He shoulda sold his shares when they were peaking
He shouldn’t do that for any stock! Not even $AAPL That is just crazy!
buy low not high 🤦🏻♀️
Yeah because the brokers at the behest of Citadel and the DTCC stopped ONLY one side of the trade to prevent the greedy hedgefunds who shorted a still profitable company with a successful entrepreneur and billionaire on board for their own personal gain so of course he lost money
Lol no one will say it but the Robinhood CEO saved tonnes of people from financial ruin
Let that be a cheap lifelong lesson.
Idiot - do not understand why WSJ has been giving these types of situations so much attention.
Is he acc crying in the pic?
And.......? Stupid move. No pity.
High risk, high reward. Win some, lose some. That’s life.
While he waits for that, shall we say, 'uncertain' ride to the moon, he's paying 11.19% interest on the loan. Yikes.
From the WSJ? Now trying to be CNN. The headline should read, Don't Borrow Money To Invest: It's almost as bad as taking out a college loan in 2020!'
Lesson learned...the market is a casino
😂🤣😂🤣😂
Idiot.
Losing is part of investing
God wouldn't have told him to do so.
Tough lesson but learn from it and bounce back.
capital market makers care about big investment firms.
Zero sympathy
Gotta love people buy in at 300 bucks, are now crying. I've got JC Penny stock for 5 bucks a share if you want it. You would do better.
Used it to buy $GME at $300? Eejit.
Nobody ever went broke underestimating the intelligence of the American people. H.L. Mencken
Capitalism is great!!!!!!!!!!!
Maybe investing in a business that’s brick and mortar in an industry that’s been transitioning to almost exclusively streaming their products for years wasnt a great money move? Got any AM radio stock tips?
Bitcoin fixes -80%
Well he should have done his homework.
This is a free country. Everyone is free to make their own decisions, and mistakes. He took his shot. Others just like him made 20 times their money.
I have no sympathy for these people.
WSJ is hereby warning poor people not to mess with their Wall Street overlords.
Why do we have any sympathy for this idiot? Do the people (talking to you, Elizabeth Warren) who believe that we should 'level the playing field' so that the average Joe/Jane can play with the professionals understand that this is the inevitable result?
Everyone now be afraid of the ALMIGHTY stock market!!!!! Only educated high class individuals should be able to manipulate it. Alll other common folk beware! The Stock market is Lava!!!
....
Sad-trombone womp-wah emoji... 'Buy High' isn't always the best investment strategy... I hope that he's a bit more cautious and does research before he tries his hand at investing again...
Reasons people need a financial advisor: to stop you from doing stupid stuff.
Expensive lesson
Good he deserves it for taking a risky loan for gambling speculation. Let him crash and burn as he deserves.
profgalloway These are exactly the people who boasted on the Internet that 'this time is different'. It was fun while it lasted.
Too late Joe
In normal circumstances the story would have been relegated to the pages of a tabloid. The WSJ scaremongering on behalf of the big sharks of Wall Street?
starijharchin
thus far the 'succes' of the generation who's universal response to everything and everybody that doesn't please them is: 'ok boomer' 🤣🤣🤣
Isn’t gaming the stock market a bit like a Las Vegas casino, with a slight advantage if your job is a trader as you have the edge of experience on your side?
swrighteconomy A fool and their money are soon parted.
Oktober 1929...
profgalloway
Dumb ass
Squeeze not over. Check my tweets. WSJ going to post an article about those who missed out eventually
'investors'
Am I supposed to care?
NEVER EVER NEVER take out a loan to invest...ughhhh so sad to see this.
Well the good thing is he got an expensive teachable moment he’ll never do again. Kinda like an English degree from a private college
I'd have helped him trade it well...
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HAHAHAHAHA!!!! God that's good; fuck that company fr
He could have waited two weeks instead and bought Sundial Growers at $ 1.00 and sold it one week later for $ 4.00. If Jim Cramer is blabbing about saving a $ 4.95 commission then its too late.
I truly believe that why financial intelligence is not taught in public schools is so the rich can steal from the poor, often deprived of such knowledge and means to make the right financial decisions in their lives.
Why is this news?
Idiot hahaha
Wtf is the point of this article? A 25 year fucked up and lost $16k. Boohoo.. Cry me a river, tell him to stfu, your a big boy now so deal with it.
Hopefully wsj tossed him a free subscription or something damn
I knew it was a 'pump & dump' from the moment i heard it. Pyramid scheme with stocks. Those that initiated the run made the money and then abandoned everyone else. Dont trust some millenial a-holes on Reddit with your money
WSJ PUBLISHING FEAR AND SORROW EVERY DAY
He was looking for security...
expensive lessons, starting with don't buy stocks to make a point
The robinhood app is a joke and this guy -although I feel sorry and can empathize with him- is an idiot. He knew it was gambling, not investing what he was doing.
Did he use lube ?
profgalloway Pobrecito
This is what I hate to see. Professional investors and traders spend decades perfecting their craft and I hate to see people think they can make a quick dollar!!! Anyways, I just uploaded my new vlog on the semiconductor/chip shortage. View here:
Who cares
Haha
This is a huge, expensive lesson to learn. Thank goodness he is 25 as opposed to 65. I hope he will grow his future wealth slowly and by putting together a financial plan.
This article in NYT by carlottagall does NOT inform its readers that PKK is a terrorist organization recognized by the US. This crucial information is deliberately omitted to create a false perception on NYT readers without a context.
You don’t invest on borrowed money. Save first. Them risk only what you can lose
If only someone somewhere had come up with a quote about this ..... maybe something like 'a fool and his money are soon destined to part ways' ... or something like that
caveat emptor
Then shame on whoever gave him the personal loan that he COULDN'T AFFORD
DougHenwood A reminder that ignorance can kill you: there is a downside to the carefully-nurtured societal depiction of Wall Street as in some sense a playing field, rather than in almost every way a shark tank, where the sharks are the owners and operators
Play stupid games, win stupid prize
Well if the former President of the United States can lie, cheat, and steal for the last for years, and isn’t convicted of high crimes, I guess there is a new life example to follow. TheBigLie
Well if Robinhood Webull and other brokerage made it possible to save the hedge fund so retail investor lose money by blocking everyone from trading.
Am I the only one who is more concerned with the lending institution that thought this would work out? How the fuck does someone get approved for a personal loan like that?
I truly do feel sorry for him even though he is an idiot.
I mean, if you are STUPID, you are stupid.
You gambled, you lost. Tough lesson.
he better think abt shorting soon...
People make bad decisions with their money all the time. It’s not news. It’s normal.
As old Nancy would say, that’s “crumbs”
Same as going to vegas DumbFucks
How could a security guard get a $20k loan to begin with? Very strange.
profgalloway Maybe next time.
Robinhood pulled the rug out from under their customers by letting Citadel cover their short position!
What goes up must come down
“To save money, he drives a 1998 Honda Civic, eats a lot of rice and lives with his dad”. Stereotype much?
How long is going to take him to safe 20K?
This is how the stock market works...
Hope elonmusk chamath mcuban and the likes take a look at the mirror and see what their irresponsible actions have led to destruction of cult followers money.
well that's what happens when you treat the stock market like ur in vegas 🤔
Common sense is not that common 😐
Maybe Biden can wipe his debt away like a student loan
there is always the DOGECOIN on margin
what did they think was going to happen?
Look hard be4 u leap...🤷♂️🤦♂️
Now do the state lottery
Idiot
Shame, guess greedy never wins
WSJ no mention about how RobinhoodApp completely steered the direction of the meme stock prices downward.
Down but not out!
I mean... no different than taking out 20k loan amd going to casino bet on 0 at roulette table.. dont feel even 1 oz of pity.
Oof
pump and dump who would a thonk
Thems the breaks!
'Other stupid investors have lost big, too.' FixedItForYou
I guess YOLO is his favorite way to invest 🤣🤣
We live and die by the greater fool theory
Stupid ass! You NEVER take a loan for an INVESTMENT!!!!!
What moron buys GameStop shares at $243 each? 🤦♂️
And...
It’s okay. It’ll blast to Pluto and crash the entire stock market and reddit will be to blamed while billionaires get away with everyone else’s tendies. H0Ld tiGhT
😭😂😂😂
'He loves eating a lot of rice' the f WSJ?!
🤣🤣🤣🤣🤣
So many bitcon traders on Twitter are trickster markdonaldAmeli thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others
Dudes an idiot
davidzou97
Disclaimer: I am by no stretch an Economist nor even a brilliant investor. That being said I remember the first econ course I took the prof telling the class that investment is about hard work and building a broad portfolio; gambling was about taking a shot.
SipOfKoKo Predictable and if he had the credit to take out a $20k loan, I’m not that worried about him
Too much margin involved in trading that it can no longer be called investing. Nobody knows what anything is worth anymore because there’s debt clouding up the price of everything. Just fucking EndTheFed! 😣
WHY!?!?!?!?
Here is your way out. Sell all your GME Stocks and buy American Manganese. End of next week you can thank me! 👍🏻
To get a loan, in order to buy a highly speculative stock, has to be one of the stupidest ideas I’ve heard
Idiot!!!!
Anyone around in ‘99 and who had any idea the nature of what was going on w GME knew there was only one place the stock price was going...it wasn’t higher after the blow off top...
Sheep don't beat wolves 😐
And will you continue to do stories on fools? Let’s just focus reporting financial news on those who failed or got duped. Sad to see this from you 🤦🏻♂️
Farmers are losing their lives and more than $20k, but you keep covering this nonsense.
In the Lotto, you also lose money...
1/ If they are able, a parent or guardian can start, manage, and help fund a Roth IRA for a working kid, build a diversified portfolio if growth and value, and keep it safe from 'trading'. The youth can get the trading 'out their system' in their taxable accounts, and ...
And, a woman put glue in her hair this week. Both people made very poor decisions.
That's what you get when you gamble money.
You can only lose 100% but you can gain over 1000% His “risk” was calculated
But I bet he’s go a lot of Reddit awards on WSB so I’d so it’s a fair trade
The market is a crapshoot.
maybe stoolpresidente can create a fund for all these people he helped lead down into the well with him. Hell, he could pay himself out of it too!
The only difference between Wall Street and Las Vegas is there is more honesty integrity in Las Vegas. This is nothing more than gaming anymore.
Never go full retard!
Economy is the only discipline where two experts can win a prize for saying exactly the opposite...
🚀 🚀 🚀 💥 💥 💥 ...
Of course! Duh!
Memories are made of this
Caveat emptor
Thank god i lost only 1%
Well, I got caught in the euphoria of dotcom, and was invested in a serious player in CISCO. Unfortunately we learn from our mistakes. I hope this guy keeps investing because he is now part of the pool of battle hardened investors who can help educate new ones.
That’s ok. Sometimes you have to lose profits to gain diamond hands.
You spelled moron wrong.
JustinSovocool the look when all your DD comes from Reddit
The fact that he was able to secure a PERSONAL loan for 20K, tells me has collateral to pay it back! He'll be fine. Hope it was a lesson learned tho.
FOMO will getcha
Whoever gave him $20,000 is the dummy.
You’ve got your story, people on Twitter have had their fun, maybe the next step is someone at to advise him on his next move? Would it make sense to tap the index funds to clear the debt or continue paying more than 11% on the loan?
awsports23 At least he can write off $2000 of it. Lucky because had he made 80k he would have owed about $20k 😂😂😂😂
Should have bet that 20K against the Falcons..easy win there
This gotta hurt.
awsports23 Lolololol who takes out a loan? That's rule 1 of what not to do. Idiots 😂😂😂😂😂
So stupid to borrow money and gamble if you don’t know the intricacies of a game! It’s like borrowing 10K and playing WSOP Main Event and you’ve never played poker!!! Idiots
Need to blame those suits behind who actually long Gamestop when using WSB in front.
Bwahahahaha! 🤣🤣 Let me guess... he used Robinhood too, right? And was unable to dump his shares? SuicideWatch
No sympathy
I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. SamuelEddy_
Stop this Nonsense please. No retail group is able to move the price as it did !!! It is pre arranged by the hedgefunds themselves !! 🤮 there will be a few people indeed suffering , they should be helped by those funds
GlennKesslerWP Note people - the guy who lost the $20K has $50K in diversified index funds. But he’s not as victimy if they put that in the teaser.
He probably won’t do that again.
GlennKesslerWP Please stop calling these people investors or traders. They’re gambling.
Professionals say don't put your money on this.
🤡
GlennKesslerWP The only way to stop this is to shut-out retail investors from the market.
First rule of investing: Don't invest money you don't own or can't afford to lose 😒
Well, hopefully he gets his investment back on track, see, and then you take the shares and back em’ up to 80% see, and then you, ummm, umm, what!? lol
What Are you telling me that profit is not guaranteed in the stock market?
🤦🏻♂️
Average down
Tuition in the school of life
Shame
Holy ... I saw this thread ratio'ed and expected it to be for the retail investor. Just the opposite. My take, for anyone that cares: ppl who went in early, *and* intermediate are rich, and laughing at you.
Got a lesson
But if it wasn't for RH AND CITADEL that wouldnt have happened, they restricted everybody and the HF were allowed to recoup while retail traders were locked out, explain the fairness
lindsaywise His investment is down 80%...you mean he is still holding?
It was never an investment; it was a gamble.
busquem os casos daqueles que ganharam milhoes.
A fictional short-squeeze can be a kind of pump and dump
Every headline stated and historical frenzy ends badly for those without the means to lose it. Only play with money you can lose and never borrow unless you have assets to cover and then some.
not a big deal. just paper loss. He did hid DD, will make it all back and plus some. Just matter of time.
You have to know when to hold them, Know when to fold them, Know when to walk away, And know when to run.....
Ah, but they are not old enough to remember BreX, Nortel and the penny mines 'boiler rooms'!
Lesson 1. Never invest with a loan!! Complain to Elon musk his the manipulator
Play stupid games, win stupid prizes. idiots
Nice job kid. Buy high, sell low. You nailed it. 💯
Trading is a zero sum game. One wins, one loses
Education cost money... ask the government to forgive it...
😂😂😂
he does look pretty stupid
Entirely predictable
Fucking idoit.
Was so clear, that many will lose, if the not been in the game from the beginning.
How many class action lawsuits are there now?
Smooth move, exlax. Now the federal govt will step in to protect us. Have you ever traded stocks on paper? Made a couple pics and followed the stock? Obviously you bought the stock when the play was alrwady over.
Should have tried his chances in Vegas…
Everyone who starts investing learns this lesson at some point. You just hope it’s on small or paper trades and not a debt fueled YOLO.
Rule 1: Don’t invest/gamble more than you can afford to lose.
If you want to get rich quick, go to a casino. If you want to make money in the long term, invest in the market.
He will need a GoFundMe cause game is gone.
He can always start a GoFundMe campaign. It's the American way.
This outcome was inevitable. Buying stock on a runaway trajectory in a company lacking financial strength or a growth catalyst is foolhardy.
LOL
Ignorant
To bad so sad. Welcome to the world of gambling.
People with no experience think it's that easy...My advice, if you don't know what you're doing, start with 100-500$. Don't bet more than you can afford to lose
16K lesson. Fair price.
You actually have to understand the market before you invest. If you are taking out loans to invest than you don’t understand the market.
Natural selection?
😂
Gadhhe panchvishi
Diamond hand that shit bro! It’s not a loss until you sell!
Dont gamble with more than you can lose. Lesson learned.
Idiot
Imagine how many people will loose everything once Tesla’s valuation becomes normal again (i.e. looses 90+ %)
Very sad, but this brings home perennial investment advice: 1. Never invest more than you can afford to lose. 2. Your worst enemies are FEAR and GREED. Avoid them.
Let’s bail them out!!!
Dumb to do this. Regardless of the obvious manipulation was way too risky. I had family asking me about Gme, amc, and silver I said just don’t play with this too dangerous. A day later I was thanked. Always knew there was some manipulation, but this was truly eye opening.
Meh , good luck paying that back 👍
Now do $DOGE
😂😂😂😂😂
can't help stupid
fools who ignore reality always pay
Keep money printing..
Timing is applicable beyond comedy.
Lost porn...
Cry me a river .... what is your point? You laughed at it like everyone else did. Should have bought shitcoin instead?!?
Not a good idea.
🥴
👜 holders
What a garbage hit piece article. jpmorgan put you up to this? Maybe we shouldn’t gamify trading apps? RobinhoodApp
What an idiot for taking out a loan to buy a shit company based on nothing. The US is really tough on stupid people. Hopefully he’s learned his lesson though
Thanks for the spoof pieces instead of reporting on the real issues.
that's just stupid, but hey, Yolo!!
There are things in life to learn about $$ at an early age. Don’t invest in things you don’t understand/ don’t lend friends money/ dont borrow money to invest / don’t personally guarantee someone else’s debts / always have it in writing etc
🤦🏽♂️
Would have been nice to hear this when people like ChrisCuomo were breathless parroting a false narrative
C U C K S
Welcome to the markets! Enjoy your visit!
It’s hard to feel sorry for speculators who don’t use a stop loss.
Fucking idiots everywhere 🤦🏼♂️
It always ends in 😢 tears. People think they know stocks. Uneducated greed.
Well that was fucking stupid.
Sounds like a dumbass but it’s funny how doesn’t mention anything about hedge fund stock manipulation that was happening on the other end of the trade 🤧
*used it to gamble
The saddest part is the bank giving the loan... Looks like they don't care about the purpose of the loan... No ethics.
It's called SkippingClass
He should have checked out Wealth Builders Institute first. Great Program
Diamond hands 💎🤲
DCRSME Couldn’t continue reading this article after the below sentence: “he drives a 1998 Honda Civic, eats a lot of rice and lives with his dad.” .... Pulitzer Prize material?
Now do people who bought $GPRO when CNBC relentlessly pumped it at its highs.
It pays to know what you are doing in the stock markets.
Exactly why you don’t chase the money.... 🤦♂️
“Don’t invest in the stock market more than you are afford to lose” that’s what I read somewhere, I think it’s a good advice.
We all get our education in various ways.
LOL, welcome to the wallstreet, kids 🤷🏼♂️
Good
Hmm, maybe this is what Robinhood was trying to avoid?
That’s the dumbest thing I’ve ever heard. I feel as bad as someone who took out a loan for $20,000 to play slots in Vegas
This article misses the most important part of the story and that’s brokerages shutting down one side of the trade. Who would’ve thought the price would go down as a result of not being able to buy?
Bourse butchers novice.
mtsw why the hell did someone loan this guy 20k
Its their own fault. Taking loans for buying stocks is totally retarded. History is full of such examples. Amazing that people do not learn: Greed!
too much FOMO not enough knowledge...
✅ Work from home ✅ Get paid $40k every 7 days ✅ No experience needed ✅ Ask me how,or whatsapp me ✅ +1 (318) 610-0043
As others have pointed out never spend money you aren’t prepared to lose. I put a few hundred into GME in early January and I knew the time to sell was when Robin Hood restricted buying. People forget, day trading is just gambling by another word.
Taking out a loan to gamble with gives off big retard energy
Stupid games win stupid prizes
Buy dogecointoadollar
Silly kid, he should know better and become an accredited bank with lobbying power that way his bad decisions are refunded by taxpayers- simple!
That’s his problem.....
Smart move
He'll be asking for free everything now..gotta love these losers
Anybody who is not going to put in the effort to properly navigate the market should get out of it and not come back until they are ready to work for it. No such thing as a free lunch.
Khama losapindulitsa. Fanizo la kuchita jenkha kamba kofesa mbewu usakudziwa kanthu pa za nyengo ndi nthaka.
Note: That's not an investor
Should have just used a stop loss
So he trades for 4 years, has $50k in index funds that have probably doubled the past 4 years, but instead takes out an 11% loan for $20k? Then buys at $234 rides it thru the $400 level and is still sitting on it now? The guy is a liar or an idiot.
Stupid !
Why is no one highlighting the fact he has $50k in investments? Cash in $20k, pay back the loan, lesson learnt. You’re 25, you have plenty of time to rebuild your investments 🙄
Maybe he can buy/invest in BRH, their subsidiary Paraytec is developing a fast COVID19_test and results of trials expected before end Feb 21. This stock may compensate him somewhat if he gets in on time. Still cheap below 1£, but only a few days left before over 1£
StephenGutowski HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA Perhaps he can do better by investing in bitcoin 😂😂😂
But But But... They told me Diamond hands No?
I have zero sympathy for anyone who borrows money to speculate on the stock market. That's reckless, irresponsible behavior
Should have been enthusiastic about it at $4 or maybe even $20 then your $20k would have been retirement worthy, sorry your FOMO lost out big time.
kakollu_bhushan
Hold!!!!Still time left he hasn't lost shit till he sells
Thats not a investment...
“He didn’t want to touch his index-fund investments, so instead he got a personal loan with an 11.19% interest rate from a credit union and used it to fund most of his GameStop purchase. He bought shares at $234 each.” 11.19% interest. This kind of interest exists? Doh!
There is difference between investing and gambling
Being 25 I can’t really blame him but borrowing to invest...nope.
he gambled his money and now he learned it the hard way
That’s the most moronic thing I’ve ever heard, this guy got what he deserved for his greed
So what? If it would've worked his way and he made a fortune out of it he would be celebrated as the smart investor who took a big risk. Nobody forced him to do that, he is a grown man. He still has his 50k to pay the debt. Better luck next time, and hopefully being less greedy.
Does this mean we will be making it more affordable for professionals to give advice to people about trading and the stock market. And maybe now is a good time to teach these kind of things to kids so they have an idea how to invest long term in their futures?
Natural selection
Worst hit piece of a decade. Hedge fund manager good WSB bad. Get out of here.
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That's so sad - should have placed a sell limit order at 35% profit and exited early. Poor kid
imagine if regulators were doing their jobs from the get go....
He looks like real retard, so he will hold
His only mistake was not buying Bitcoin
This is not a “small investor “ this is a guy trying to make an easy buck by gambling. Nobody should fell bad for these people
The whole thing is a set up
Amateur hour on full display with these stories. If you don’t know how to read investment reports about FUNDEMENTALS you shouldn’t buy company stocks.
why didnt he sell when he was up? all about net/net
Greed is a weakness.
nearly as bad an idea as taking investment tips from a social media platofrm
Lol... people blame the Secuity guard for being greedy but no one talk about how Robinhood force sell on gme. I don't own gme but at least I know what was the cause for gme to drop.
Minecraft headass
whoops
🤣🤣🤣 kids.. don't spend money you cannot afford to lose on this stocks
No one to blame but themselves - taking out a loan to throw into a “booming” stock is a was choice. They pushed the keys -it’s on them
this guy is a moron. it was never about the money. it was about 'sticking it to the system'. some people made a bunch of money, but the vast majority expected to lose their investment at some point.
I feel for him on a personal level, but as an investor I have no sympathy. The GameStop event was not a rational trade... it was driven by anti-Wall Street, anti-Hedge Fund sentiment and not fundamental investment strategy. It was get-rich-quick gone bad.
i think retailers holding the $GME shares for so long was the best thing that could've happened to Wall Street
Wtf take a loan to gamble? 🤦♂️
How much did the hedge funds lose?
Some have won too. Markets!
When investing turns into gambling
Love when the WSJ pretends to care about the working class getting steam rolled by the market. Everyone knew once this was big news it was way too late to make a play
That's nothing, I had a job that paid £30,000 and I could use that salary to buy a house. Since the unelected banker thieves printed money and handed to the ****s on wall street it only buys half a house now. At least Mr X can default on the loan, I can't
Diamond hands 💎 ✋he must just hold the line. stopgambling
Poor dude is going to be eating rice until he's 35
dumbarse.
Lmao!!!!!!
This is terrible. Never chase. Especially a “meme stock”. And always diversify. Disciplined investors win in the end
Reminds me of when Jim Cramer was screaming buy Bear Stearns on CNBC right before it tanked
This is Redsnation21 and his horny friend.
It's a paper loss until you sell it!
Gambling 🎰
Absolutely hilarious
A 25 year old has $50K in student loans, and isn’t gonna pay it back, but we tax payers are, oh wait, wrong article
Womp womp
GME is undervalue like TSLA in March 2020. Hold and buy the F dip. Ryan Cohen will transform the company
These people gambled, based on literally nothing... No fundamentals, no change in company strategy, no gross margin improvements.... Nothing... Other than random strangers on the internet told them to buy. Think about that
This is horrible
Just another example of why financial literacy should be a focal point of grade school education. Could probably make space for it by getting rid of wood shop...
I’m not an jackass or comedienne but if a 25 year old SECURITY GUARD, Qualified for a 25, 000$ personal loan why not open his own security business. Why was it important that he was a security guard as if it that’s a negative.
Stupid is as stupid does.
First mistake was taking out the loan to buy the stock in the first place.
maybe dont take out personal loans that are like half your yearly pay to invest in meme stocks of dead companies? maybe thats the lesson?
Good lesson!
Darwin’s theory at work
SAVE MYANMAR
bbbbbut isn't greed good?
Yikes, isn’t one of the first things you learn with investing is to NOT follow these incidental spikes At least not to this degree...
Fake. How do you get a personal loan that quick and then transfer over to purchase.
No different than someone being foolish enough to place 20k on the Super Bowl and losing. He took a gamble that didn’t pay off!
That’s what happens to people who think the market is a get rich quick scheme. These are the same people that exhibit horrible risk management and blow accounts
Play stupid games, win stupid prizes.
Yeah didn’t take a rocket scientist to realize that a stock not worth much will eventually find its own level even after their whole “to the moon” bullshit.
Step one: Don’t trade on speculation... ✅
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