What's Going on with GameStop?
Market news concerning GameStop, AMC, & other volatile stocks has been prevalent over the past week. Curiosity in the stock market has been piqued. Is now the time to follow the herd and start speculating on individual stocks?
Trying to actively game the market is extremely risky. Remember, there will always be get-rich-quick schemes pulling at you. They are dangerous. We stick with sound investment principles that have been proven time and time again.
Some have been concerned about the broader impact this recent activity may have on the market as a whole. Is the system broken? Is this a time to worry? Not if you have an appropriate asset allocation. Events like this happen and are part of the stock market, but our plans are built on timeless principles. Our strategy has not changed because of this. Things will sort themselves out, and principle-based investors will be rewarded over time. If you are tempted to speculate trying to make a quick buck, remember the words of Fabienne Fredrickson: "The day you plant the seed is not the day you eat the fruit. Be patient and stay the course."