He Boom for Memes Actions It seems to want to reappear on the set of investors with the announcement of GameStop-A What will you buy Bitcoin. This has caught the attention of cofundador de Ritholtz Wealth Management, Barry Riholtzwho has pointed out that this could make them next headache In Wall Street according to Grace L. Williams en Yahoo Finance.
«We all imagine that we will find random action that will turn $ 10,000 into 10 million. I’m sorry, but it’s a lottery ticket,» Riholtz said during a conversation in the podcast Opening Bid con Brian Sozzi, Yahoo Financial Ejecuctive Editor. «You are more likely to fall a ray than that happens to you.»
Ritholtz opened its patrimonial management firm in 2013 and has accumulated numerous awards, including that of the ETA Advisor, its inclusion in the list of the 300 best US advisors. UU. Of the Financial Times and be the fourth registered investment advisor of fastest growing in the United States. He is also the author of «How not to invest», published on March 18.
An essential form of destroy wealthaccording to Ritholtz, is join meme fever without a plan. Meme actions like Gamestop became popular in 2021 after applications such as Robinhood They will gamify trading and people will stay at home during the pandemic.
Frenzy caused the actions of companies in crisis as GameStop y BlackBerry They will shoot suddenly. In January 2021, the price of Gamestop went less than $ 5 per share to more than $ 81.
«Although some masted fortunes, they do not see the other 10 million meme stock market investors who did not win anything or, worse, that they ruined,» Ritholtz said.
More recently, after reporting a discouraging year with a 30% drop in sales and one decrease of almost 100% in profitsGamestop announced his plans to enter the cryptocurrency sector. Amid the initial enthusiasm, the fact that, technically, the company remains a retailer that operates more than 3,000 stores is lost.
«Go ahead!» Ritholtz advised. «As a child, I saw Mutual of Omaha’s Wild Kingdom. There was always a (gazelle) that moved away from the crowd and one knew what was going to happen. That was going to be the lunch of a group of lions,» Riholtz added.
Going from nature to sports metaphors, Ritholtz said that the average basketball player would not face a legend like Michael Jordan or LeBron James, and in the same way, it is likely that the average investor does not become rich with memes actions.
«You only see one or two people who earned a lot of money and everyone thinks: I want a little of that lottery ticket,» said Riholtz. «I’m sorry to be the fly in the soup. You are not. You are not going to overcome Michael Jordan. You will not find an action of one million dollars.»
Obviously, there are atypical cases, which also recognized from the perspective of an investment advisor.
«Yes, for some reason, you are lucky to possess actions of Nvidia, Amazon, Apple, Google, Microsoft or any of the greats of our era. If you have them at a low price, be sure to take care of the rest of your wallet. Find a way to manage it and do not risk turning a great fortune into a little one, ”said Riholtz.
For Ritholtz, the best investment plan is to keep calm and remember that «there is no magic formula,» said Riholtz. «There is no replacement that makes you rich.»
GameStop-A Start the downward week at $ 21.19. The 200 mobile average is below the last two candles, RSI downward in the 39 points and the MACD lines below the zero level.
Medium -term support is found at $ 21.16. Meanwhile, IE indicators are mostly bassists.