Game Stop & the Stock Market

GameStop, a major video game retailer, is getting a lot of publicity in recent days as the price of their stock market shares go up and down.

If you’ve watched the news or been on social media at all in the last couple of days, you’ve seen articles and posts about GameStop and the stock market.

In a nutshell, a large number of online day-traders united by the message board Reddit collectively decided to invest in GameStop, a stock that was on a downward trend.

Some wall street hedge funds had “shorted” the GameStop stock, essentially betting against the long-term health of the retail company and anticipating they would potentially go out of business.

The online investors, many of which were using apps on their smartphone to buy and sell stocks, were driving the price of GameStop stock north, which was squeezing the hedge funds and potentially costing them billions of dollars. The apps locked down trading on this and other stocks, including Bed Bath & Beyond, Blackberry and more. This action set off a firestorm, and limited trading has been allowed again for these stocks.

For serious, long-term investors like you, this attempt at short-term gains with volatile individual stocks is an area of investing we do not recommend. When we created your family’s financial plan, gauged your risk tolerance and built your portfolio, it was all done with long-term goals in mind.

The best thing for you to do? Nothing. Simply ignore this feeding frenzy of the moment and instead enjoy the confidence and financial reassurance of having a sound, long-term plan in place.

As always, feel free to reach out with any questions. We’re always happy to help!

Let’s connect and explore how we can help you build a confident Financial Future.

Affinity Wealth Partners • 417.520.3275 • 2664 East Kearney St | Springfield, MO 65803

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.

Investment advisory services offered through Raymond James Financial Services Advisors, Inc.. Affinity Wealth Partners is not a registered broker/dealer and is independent of Raymond James Financial Services.


Riskalyze is an independent third party service provider and is not affiliated with Raymond James.

© 2021 Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC    |   Legal Disclosures   |   Privacy, Security & Account Protection   |   Terms of Use