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Joe Duncan's avatar

Great postmortem on the hype that I saw as nothing but disaster from miles away.

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Joe Duncan's avatar

Fun fact: when COVID hit in 2020, I was playing with my Robinhood account. I spent all the money I set aside, that I could afford to lose, on ETFs and indexes. I chose one stock that was a company I actually liked to dump money into, a kind of “I’ll be helpful to this one company because I want it to succeed.” It was a company that shaped my childhood at the movies.

That stock was AMC.

A few years later, a friend messaged me on Facebook telling me I needed to drop everything and go invest in AMC before the price stops climbing! Well, I’m two years ahead of ya because I bought AMC back when it was cents per share. Talk about bizarre luck. I knew nothing about the meme stocks at the time but I promptly cashed out the golden opportunity that fell into my lap.

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