There are 46.89 million floating shares of GME available on the market. If the price per share hits $69,420, that’s a total value of $3,255,103,800,000, roughly all hedge fund assets as of 2019/2020.
We’re living in a simulation
Numbers are from: https://finance.yahoo.com/quote/GME/key-statistics/ https://www.investopedia.com/articles/investing/102113/what-are-hedge-funds.asp
(I am not a professional, this is not advice, do your own research, and invest at your own risk.)
I’ll be reading discussions and considering my investments then you’ll see lots of comments like “I’ve got a spare $100 to throw at something, shill me” and so I suddenly realise that a lot of what gets posted is from people with very little skin in the game. I know it’s all relative and I am not meaning to sound arrogant but just yeah sometimes it surprises me when I read so many queries about such small investment amounts because people talk and act like they are talking about much larger sums.
I mean each to their own but why on earth would you want to pay when its free?
There is nothing that could beat the experience of going to Blockbuster. Watching movies just isn’t as exciting without the trip to the local movie store, arguing about which movie to rent and buying your pre-movie snacks at the checkout counter. It was so satisfying to finally settle for the perfect movie rental after browsing all of the isles. Bring back movie rental stores.
Users begin deriding and denoucing Donald Trump and the GOP:
"Your government doesn't give a shit about you. They made $130-195k this year to give you $1.8k in the worst pandemic since 1918. The whole reason why I voted for Trump in 2016 was for him to stand up to this bullshit, not perpetuate it."
Turning on each other:
Accusations of brigading: https://www.reddit.com/r/Conservative/comments/klfzna/comment/gh93ws0
Edit mods have flair locked the thread and banned me
A fine should be based on a percentage of the person’s annual income. This way, the punishment would me more fair for everyone and wealthier people would have a punishment that actually affected them as much as others.
i know i could open a bank account for them, but does that stop their mom from accessing it?
i want to automatically give them money each month into a bank account. in case they just decide they want something, or save it, or whatever. i just want to get it to them. their dad (my brother) died a few years ago. their mom is extremely untrustworthy.
what are my best options here? any help at all is appreciated. i just want to help them in the best way possible. thanks.
*i work in finance so general bank stuff isn’t foreign or anything to me. legit whatever anyone thinks is the best option for them.
edit: i am overwhelmed with the amount of responses to this, and i truly appreciate all of the different perspectives and options being presented. you guys are awesome for all the advice. thanks so, so much.
i think here’s what i’ll do: start putting money into a savings account, as well as money in bonds/index funds to give them when they turn 18. in the meantime, i’ll take them to do things and take them shopping from time to time and let them know that if there’s an activity they want to do, or item they need for something, to always ask me. i think this will give them the best of both worlds i’m looking for here. i’m going to keep reading thru the responses, tho, and evaluate each option further. i want to impart some fiscal responsibility on them, even if it’s simple because they’re young. they don’t get much guidance on basically anything from the adults closest to them, so i think that’s important here too.