I read that they shorted more shares (120%) than there are in the tradeable market. I don’t see how the brokerage can rectify this.
..... More than 120% of GameStop's available shares have been borrowed, down from about 140% earlier in the month
There’s an obvious difference. It’s still equity bad is part of your net worth. You can’t tell the difference between renting and owning a home? You don’t have buy anything if you sell your home. You can keep the gains and rent or downsize. But why even sell, move and rent it out. Great tax benefits and a lot less work than a regular business
I believe you. Cause I did the same. I always felt like spending money was stupid. I took comfort in my savings not material shit. My only vices was drinking cheap beer and some travel, which I did on a budget. After I got married and had kids we couldn’t save like I did before. But we live a frugal lifestyle. My wife stayed home and raised the kids because we don’t need 2 incomes to buy fancy shit.
Unless you have kids it’s easily achievable for an average person who is frugal (Normal people call us cheap). Max out your IRA/401k, drive a beater, don’t finance anything but your home or investments (property or business). If you just save and don’t blow their money on consumer goods and going out it’s quite achievable. I had a nice net worth while everyone had cool stuff. I was lucky enough to be taught this while I was young. But If anyone doesn’t think this is possible they need to start listening to Dave Ramsey.
“We believe every job is essential. You work in a restaurant, we have your back. If you are a hair stylist, we protect your right to earn a living and if you are a parent we ensure your kids have the right to in-person learning. Lockdowns do not work.”
Man I wish Newsom cared about regular working people in CA