Have you seen the advertisement with a financial advisor saying to the client, “this is a long-term game” and the client’s response back, “this is my financial future, it is not a game!”? The ironic thing is the same people that have created these ads are the same people that are turning the market into a game. Recently, we have seen the effect that short-term, retail investors can have on the market. Remember, it’s a short-term effect, not a long-term impact. The current issues with GameStop, and other companies like Blackberry and AMC, are great examples of how people can take advantage of the free markets. In reality, GameStop had the biggest effect on the hedge fund managers that were “short” on the stock. Taking a “short” position means you are making a bet on the company to go down in value. Whenever you short a company, you take on an incredible amount of risk. Short sellers continually “play the game”, and someone beat them at their own game. In my opinion, if we take a step back, we’ll realize that all of the noise we are hearing is not investing. It is literally a form of wagering. Superbowl Sunday is coming up and I may make a few wagers with some close friends, but this is certainly not my investment strategy for retirement.
Related articles
How to Master Saving for Retirement
How To Master Saving For Retirement In the journey towards financial security, clearly understanding your expenses is paramount. It’s not just about knowing what …
Episode 257: Financial Planning For Summer Expenses
In this week’s episode of Think Smart with TMFG, hosts Rob McClelland and Mike Connon discuss the various considerations related to financial planning for anticipated summer expenses. They emphasize the importance of having a clear monetary plan for …
Episode 256: Capital Gains Inclusion Rate Changes In Canada
In this insightful episode of Think Smart with TMFG, financial experts Rob McClelland and Mike Connan examine the recent changes in Canada’s capital gains inclusion rate in detail. They thoroughly debunk media misconceptions and explain how the new c…
Financial Planning Advice from Canada's Top Financial Advisors
Sign Up To Receive Email Updates On The Financial Industry And Complimentary Workshops.
By providing your e-mail address you provide The McClelland Financial Group of Assante Capital Management Ltd. with your express consent to send you electronic communications. If you choose to discontinue receiving e-mails, you may withdraw consent by contacting [email protected].