The stock market broke when a community on Reddit single-handedly rose the stocks of GameStop, only to make money and sell when the time was right. People all over are questioning if this is something that can happen again. And if it is…when and how do they get in on the action?
Well, the short answer to the question is that this phenomenon that happened with GameStop is not likely to happen again. After the shares have fallen back to Earth and everything has settled down, it will probably be the last time we will see a stock like GameStop rise. But there are other ways to make money through your investments in the stock market.
One way to really make money is to buy and sell appropriately. Don’t stick to just one or two stock. You can try out many different stocks and stick with them until the moment arrives when you feel it’s okay to sell. Alongside that, you need to make sure that the money you are spending on these stocks is money you are okay with losing. Not every stock will end in success, and that is part of the gamble. However, short selling and participating in what happened with GameStop will most likely end in a loss for the average Joe.
Another thing you can do to invest your money right in the stock market is to beat Wall Street by buying index funds. What are index funds? Well, it is an investment that tracks a market index that is made up of stocks and bonds. These funds typically invest in all the nooks and crannies that are included in the index they track, and they have a fund manager whose job is to track everything and make sure the index fund performs the same as the index. Doing this means that you are not playing into the game of the basic stock investment. You are fully devoted, and you are earning money while doing it.
If you are truly interested in the stock market and want to get involved…make sure that you invest. Don’t gamble, gambling is for the casino.
Will you be investing in the stock market following the GameStop fiasco? Let us know down in the comments.
This article originally published on GREY Journal.