TL;DR

John’s AMD gamble, fueled by online hype and FOMO, wiped out his retirement. Another victim of the timeless allure of “easy money.”

Story

John’s retirement vanished with a few clicks. He bet on AMD, lured by online hype. His “DD” (‣ Due Diligence: Research, often superficial, done before investing.) consisted of Reddit memes and promises of infinite gains. Sound familiar? It’s the same FOMO (‣ Fear Of Missing Out: The anxiety that others are making money while you aren’t.) that fueled the 2008 housing bubble and countless pump-and-dumps. John’s mistake? Trusting anonymous online gurus over financial advisors and ignoring market fundamentals. Like a gambler chasing losses, he “averaged down,” (‣ Buying more of a falling stock to lower your average purchase price.) only to dig a deeper hole. His story echoes countless others—victims seduced by the siren song of “easy money.” Remember Enron? Blind faith rarely ends well. John’s plight isn’t unique; it’s a cautionary tale as old as markets themselves.

Advice

Ignore online gurus. Seek professional advice. There’s no such thing as a sure bet.

Source

https://www.reddit.com/r/wallstreetbets/comments/1ikp58b/amd_just_wont_go_up/