Beret (Bourree) Lam

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435 appearances 6 recordings 1 series first heard Apr 2020 last heard Jan 2024

Beret (Bourree) Lam’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · GameStop: What to Know Before Jumping In · 2 Feb 2021 podcast

So if you buy a share versus an option.

you could at least get $18, $19 back.

Let's say like that's what we're treating as a baseline of what the share is worth without all these factors, you know, the factors of the Reddit traders and the short squeeze and the momentum drivers.

So you can get $19 back.

And so that's the difference between buying a share and buying an option for a regular investor.

I have heard dollar cost averaging thrown around as a way to invest in GameStop safely, so to speak.

But dollar cost averaging is to even out your price of buying the stock by investing over time.

The reason I don't think that that really matters when it comes to the GameStop stock at this moment is that, you know, as of closed Monday, we're still at like $225 a share.

So the shares are already really high.

So I think dollar cost averaging isn't really going to help you when the stock is so volatile and the price is already so high.

No one knows how this will end in terms of the brokerage platforms and your ability to get in.

We know that Robinhood is still only allowing limited buys of these hot stocks, whereas on E-Trade, Ripple, Interactive Brokers, Schwab, and TD, you can still unrestricted buy these stocks.

At Schwab and TD, as long as you meet the margin requirements, you're able to

trade the stock I can't say how this will end so I also because of that I can't also say if it's too late to get in but if you're someone who was looking for you know three digit gains you may not see that so if you bought at twenty dollars then maybe you've seen these massive gains that you've been seeing as the headline for many media reports and tv reports and

But if you're getting in now, your gains might be much more modest than those who got in, say, at $18 at the beginning of the year.

I think the bottom line is don't give in to your FOMO.

And if you're a person who likes to gamble and you do gamble and you have a gambling budget.

That could be where you're drawing the funds from.

If the funds are for your essentials, that's probably not a good idea.

Whereas if you have a funny money account, so to speak, for going to Vegas, then sure, like maybe that's where you want to use that money, that part of your budget.

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