What’s Going on With GameStop?

If you’ve read the news or been online at all, you know something’s up with GameStop. You may be asking yourself why is everyone all worked up about their stock and what the heck Robinhood has to do with it. Or you could be asking what the heck is Robinhood even is. Well, we’re going to break it all down for you.

My guest, Andy Wang is a Managing Partner at Runnymede Capital Management and host of Inspired Money. He has been named by Forbes as a Top 10 Personal Finance Podcast and named among the INVESTOPEDIA 100: Most Influential Advisors, Top 100 Most Social Financial Advisors by Brightscope, and has appeared on Barron’s and Forbes.

Andy and I get into what’s going on with GameStop stock, what it means, and why it’s happening. We also talk about the role Fintech like Robinhood has played in this rare financial event. Andy also gives tips on how you can keep your financial head when the fear of missing out or FOMO struggle is real.

Thank You!

The Military Money Show is sponsored by Charles Schwab. Since 1973, Charles Schwab has been helping people achieve better financial outcomes for themselves and their families. You can learn more about Charles Schwab and the work they do at Schwab.com.

What’s Going on With GameStop Episode Details

• What all the hype is with GameStock
• What a short is
• Hedge funds and GameStop
• Why individual investors wanted GameStock stock
• What a “short squeeze” is
• The difference between “shorting” & traditional investing
• What individual investors are doing next
• What Reddit is saying
• The impacts on the entire market
• Is it legal
• How Robinhood is involved
• The role of the pandemic in the current situation
• Robinhood users and their app
• How people should or shouldn’t react
• Speculating vs investing
• How to be disciplined in investing
• The importance of understanding where your money is going
• Why understanding risk is important
• Creating your routine for staying informed on investing
• The challenge of too much information
• Andy’s word of advice

More on investing: Getting Settled at Schwab

What’s Going on With GameStop Resources

• Runnymede Capital
• Inspired Money Podcast
• Connect: Building Exceptional Relationships with Family, Friends and Colleagues by David Bradford
• Charles Schwab Market Insight Hub
• Submit your financial questions for the show

More on finding financial inspiration: Getting Inspiration for Your Finances

Thank You for the Podcast Reviews!

I appreciate your review of the Military Money Show on iTunes, Google Play, iHeart Radio, and Stitcher. It helps me make the podcast better and better. Plus, it helps other people find me.

Connect

• Get my updates and favorite content emailed to you!
• Subscribe to The Military Money Show on Apple or Android
• Follow on Twitter
• Follow on Instagram
• Like on Facebook
• Follow on LinkedIn
• Subscribe on YouTube

Want to learn more about personal finance in the military? Check out our latest blog posts below and subscribe to get updates!