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The retail investing coup. Is this the future of investing?
By Endowus Insights  •  February 6, 2021
The original version of this article first appeared in The Business Times There’s been a revolution. I am not talking about the coup in Myanmar. I’m talking about the Reddit retail army that has revolted against Wall Street and taken down some of the big hot shot hedge funds that manage tens of billions of dollars. GameStop (the flagship meme stock and a favourite short for hedge funds) went from $19 to $470 in a matter of days. It has also fallen just as rapidly to below $100. As at Feb 4, the stock stood at $53.50. In the process, it has spawned a whole new lexicon of investing terms like meme stocks and stonks. Free trading apps like Robinhood and online communities like Reddit’s WallStreetBets  have now entered common vernacular. And when the likes of Elon Musk or Chamath Palihapitiya—the new generation of revolutionary leaders—tweet about a new “stonk”,...
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By Endowus Insights
Headquartered in Singapore, Endowus is the first and only digital advisor for CPF, SRS, and cash savings, helping everyone invest holistically, conveniently, and with expert advice at the lowest cost possible.
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