A Financial System Broken by Design: How the Gamestop Fiasco Exposed a Stock Market Stacked Against the Retail Investor Contributor(s): Biel, Nikola (Author) |
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ISBN: ISBN-13: 9798541586961 Publisher: Independently Published OUR PRICE: $9.49 Product Type: Paperback Published: July 2021 |
Additional Information |
BISAC Categories: - Business & Economics | Investments & Securities - General |
Physical Information: 0.25" H x 6" W x 9" (0.38 lbs) 120 pages |
Descriptions, Reviews, Etc. |
Publisher Description: During the first few weeks of 2021, an event that later came to be known as the Gamestop short squeeze, shocked the financial world. What started as a few posts on online forum Reddit, rippled out and nearly took out one of the behemoths of Wall Street. In the days that followed, events happened behinds the scenes that seemed to cut the losses of the big guys, and left the armies of retail investors aghast and declawed. Many of the details of the Gamestop fiasco remain unknown to most, until now that is. Certain hedge funds lost millions of dollars during the GameStop short squeeze in January 2021. Robinhood, a trading app company, halted its customers from buying the GameStop and other smaller stocks. This allowed some hedge funds to limit their losses. At the same time, some of Robinhood's customers lost opportunities to multiply their investments. In this fully comprehensive guiding book, Nikola Biel takes the reader through the foundations of the U.S financial system, breaking down core pillar of the system and how the unbalance is inherent to the system itself. Biel then proceeds to highlight how that in such a system, the Gamestop saga was NOT a one-off event. It is in fact one of many of such gimmicks that all wholly uncover the imbalances of the system. Nikola Biel then takes the reader on a journey of how to best protect oneself and their investments from these situations, and how to even benefit and gain from the next one. Not only does Biel capture the short squeeze in detail, but he reveals how the US financial system works without using complex jargon. This book covers the fundamentals of investing that every retail investor should know. You'll also find what the hearings on the GameStop short squeeze discovered, including a Robinhood cash-generating tactic you should know about. Here's more of what you'll learn in this book:
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