How to Purchase GME Stock

By now, almost everyone that has anything to do with investing has probably heard the words GameStop at least a hundred times.

If you’re not one of them—don’t worry, we’ll explain what all the fuss is about—but the gist of the matter is that this unlikely company has caused quite a stir in the finance world, and generated some amazing returns for a lot of investors. The kicker? Those investors were retail investors—everyday people working 9-to-5 jobs. ⏰

GameStop rose to fame due to a short-squeeze that occurred in January of 2021. Even though that is practically ancient history in terms of the stock market, the stock is still generating buzz and a lot of interest.

Although it is unlikely that we’re going to see another short squeeze, that doesn’t necessarily matter. The stock is now highly publicized and the company has managed to utilize capital to reorganize itself and (hopefully) find a new footing in the new decade. So, how can an enterprising investor make use of all this?

The simplest and most straightforward way to do that, of course, is to buy GME stock—but even though it might sound simple, there is a lot that actually goes into making money in the stock market, from the choice of brokerage to investment methodology and stock research.

In many ways, the entire GameStop saga perfectly encapsulates and reflects modern retail investing. Understanding the hype regarding GameStop will help explain a lot of key concepts in investing—and getting in on the action can serve as incredibly valuable hands-on experience—so let’s get to it. 👇

What is GameStop (GME)? 📕

Gamestop is an American company focused on video game, electronics, and gaming merchandise retail. As such, it falls broadly into the category of consumer cyclicals. Although it might have been a promising business once, the shift toward digital sales in gaming did quite a number on GameStop in the mid-2010s. 

In order to cut a long story short, we won’t cover the entire GME saga here—but we will give you the bullet points. Hedge funds, primarily Melvin Capital, shorted GME stocks much more than is reasonable. This was spotted by Gill, who, along with other retail investors centered around Reddit, began purchasing the stock, thereby driving the price up.

What eventually occurred was a short-squeeze—with the price of GME skyrocketing from $13 a share to $320 a share in less than a month. A lot of retail investors made dazzling returns during the short squeeze—but more than that, the entire event was seen through the lens of the little guy, or retail investor, getting back at large, faceless hedge funds—by using their own playbook against them.

Although the short squeeze is over, as of mid-2022, GME is still trading at around $130 per share—roughly 10 times as much as it did before the short squeeze occurred. So, how can one get in on the action with this stock—and is it still worth doing so?

The Process of Buying a GME Stock ⚙

Alright—now that that little recap is finished, we can move on to today’s most pressing question—how to buy GME stock? Thankfully, the process is actually rather simple—but there are a couple of things to keep in mind if we want things to keep running smoothly.

Find a Good Online Broker and Create an Account 💻

Investing in the stock market in a way that maximizes the odds of success is both a science and an art—it is a skill that is hard to master. What is equally important, however, is the choice of brokerage—without that foundation in place, no amount of skill or talent can make up for that drawback.

Choosing a brokerage does require plenty of research and introspection, but it is well worth the time and effort. Switching brokerages is a costly and time-consuming process. So, with that in mind, what are the most important criteria when trying to find the best online stock brokerage for one’s goals?

Although the importance of each criterion will vary from investor to investor, they are, in no particular order:

• ☑ Price (Minimum deposits, Fees, and Commissions)
• ☑ Range of Investment Offerings
• ☑ Platform and trading tools (including mobile app support)
• ☑ Educational and research materials
• ☑ Customer support

We’ve covered quite a few brokerages on our website—all of those reviews focus on these 5 key areas. In terms of buying GME stock, however, one factor trumps all the others—the range of investment offerings.

The reason is quite simple—not all brokerages offer access to GME stocks. GameStop is listed on the New York Stock Exchange (NYSE). All of the top-rated online stock brokerages based in the U.S. offer access to the NYSE, as it is the world’s largest stock exchange—however, international clients and those interested in brokerages headquartered elsewhere should pay extra attention to the range of investment offerings provided.

The process of opening an account varies from country to country—but in general, prospective clients will need a bank account, valid forms of national I.D. to serve as proof of identity, and a document that serves as proof of address.

Here are a few brokers trusted by traders across the globe:

Determine Investing Size and Strategy 👨‍🏫

How much should be invested, and how that amount should be invested are the next order of business. Although there are no hard and fast rules here, investing a large sum of money at once is generally not the way to go—this method doesn’t leave much of a corrective mechanism if things go awry.

The recommended course of action is to set aside some money for investing, yes—but also to budget in a way that allows for a monthly allowance that is to be spent on investing. This accomplishes two things—one, it prevents investors from rushing in with all of their capital, and two, it reinforces the notion that investing is a long-term pursuit that requires constant work and education.

When it comes to strategy, there are plenty to choose from—however, there is no reason to be too ambitious in the beginning. Learning the ropes with the stock market takes time—so the recommended course of action is to use a beginner-friendly strategy for as long as is needed before moving on to more complex approaches.

The basic division in strategies is between long-term approaches and short-term approaches. Long-term strategies generally rely on fundamental analysis, the buy-and-hold approach, and are mostly passive and hands-off. Short-term approaches, on the other hand, rely on technical analysis, buying and selling securities frequently, and constant monitoring and attention.

Although this rule isn’t set in stone, short-term approaches are generally more volatile and risky. Even if an investor has a knack for them, it is recommended to start off with a passive, buy-and-hold approach in order to get a feel for the stock market. 

Choose an Order Type 🗃

The stock market exists in a state of constant flux. One might think that this is only important for high-frequency, short-term trading—but it isn’t so. Prices change from second to second—and an order to simply buy a stock might end up costing an investor a fair bit more than they bargained for.

No matter if the strategy used is a long-term one or a short-term one, investors should be well versed in the different stock order types that are available to them. Although there are plenty of stock order types available, the most important are market orders, limit orders, and stop-loss orders.

Market orders are the most basic and quintessential order type—basically, a market order is an order to buy or sell a stock at the currently listed price. It is important to note, however, that this isn’t always the price at which the transaction is going to happen—due to a phenomenon known as slippage.

Limit orders are slightly more complex—a limit order is an order to buy or sell a security below or above a certain price. For example, if an investor is eyeing a stock that is currently too expensive, placing a limit order to buy will purchase the stock once its price falls under a specified level. 

In much the same way, a sell limit order will sell a stock once the price rises above a certain predetermined level. It is important to note that limit orders will fill the order at the specified price—but if possible, the client will get an even better price, depending on market conditions.

Stop-loss orders are used to lock in profits. They work as a safety measure or a stop gap—a stop-loss order is used to sell a stock once it drops to a certain price. Because we’ve used the same terms about a dozen times in this section, let’s use an example to illustrate stop-loss orders.

An investor that has purchased 20 shares of Gamestop at $120. In the next couple of days, the stock price reaches $135—but the investor is unsure of whether or not the trend will hold. So, to mitigate potential losses, they place a stop-loss order at $130.

So, what does this accomplish? If the share price of GME starts dropping from $135, the stop-loss order kicks in as a failsafe at $130, thus ensuring or locking in profits. Sure, those profits might be just $10 per share—but that is a lot better than what would have happened if the stock price dropped below $100, for example.

Execute the Trade 👨‍💻

Actually executing a trade is quite simple—an investor simply has to find the stock in question in the brokerage’s interface and place an order. Although we’ve discussed the different order types available, for maximum convenience, a market order will function best.

Apart from constant monitoring, research, and getting a feel for timing in the case of short-term trading, there isn’t a lot of complexity to actually executing a trade. We would, however, caution would-be investors to consider using a demo account or paper-trading account to practice. 

Doing so allows investors to try out and test strategies, figure out where things get wrong, and generally get a feel for the stock market and their platform and brokerage of choice before committing—without actually risking any of their hard-earned money.

Exit Strategy 🚪

Although we’ve saved this point for last, in truth, it is simply the logical conclusion of choosing a strategy and putting it into play. Simply buying a good stock isn’t enough to make a profit—and in all cases, to actually get to the money that has been earned by investing, one has to sell a stock.

There are plenty of approaches as far as exit strategies go—long-term, buy-and-hold, and passive investors can simply monitor their portfolios and sell at a decent profit at a later date (provided their research was on point). However, short-term traders will have to take a lot more precautions because of the volatile nature of that approach.

In particular, short-term traders should utilize stop-loss orders, set reasonable price targets when they lock in profits, and keep a close on technical data, as well as trading volume, liquidity, and events such as earnings calls that can cause a stock’s price to rapidly change.

In essence, finding an exit strategy boils down to one simple question—what is an acceptable level of profit for this investment? It is important not to let emotions get in the way of reason when trading, as market psychology teaches us. Sure, panic selling when a stock hits a bump in the road is a surefire way to lose money at times—but not locking in reasonable profits is even worse.

Alternative Ways to Purchase GME Stock 📝

The stock market is a complex, interconnected system—and gaining ownership in a company can be achieved in a variety of ways not limited to just stocks. Here are a couple of the most common alternatives to purchasing stocks for investors interested in investing in GME.

ETFs ☑

ETFs or exchange-traded funds are funds that function as a basket of securities. Basically, an ETF is a fund that purchases many different stocks and bonds, usually (but not always) for the purposes of recreating a certain index – in the case of index funds – or to gain exposure to a particular industry or market.

There are plenty of ETFs that hold GME—over 100, in fact, so there are a lot to choose from. It is important to note, however, that none of these ETFs will be dominated by GME—with the ETFs that have the most heavily-weighted positions in GME not having them amount to more than 6% or 7% of the overall fund.

Although they do serve as a convenient way to gain some exposure to ETFs, one should always analyze factors such as other holdings, expense ratios, fund liquidity, and how successfully the fund replicates an index or benchmark.

In short, ETFs serve as an easy, convenient way to diversify holdings—they are by far the most beginner-friendly asset class for new investors and a staple of long-term investing and retirement planning. 

Mutual Funds ☑

Similarly to ETFs, mutual funds also operate as baskets of securities—but unlike ETFs, mutual funds are usually actively managed. Whereas ETFs usually try to replicate an index or a benchmark, the purpose of a mutual fund is to beat the market with active trading—something that is hard to achieve regardless of circumstance, but completely impossible without professional management.

As a result, mutual funds tend to have higher expenses associated with them when compared to ETFs, and also come with much higher minimum deposits. Unlike ETFs, which can be traded during the entire trading day, mutual funds can only be purchased at the close of the day’s trading. Investors who want to learn more can check out our comparison of ETFs and mutual funds.

IRAs ☑

Individual retirement accounts or IRA’s are tax-advantaged accounts that are used for retirement planning. They come in a couple of varieties, but two of them are more important than the others—regular, traditional IRAs, and Roth IRAs.

As the name suggests, IRA’s are meant for retirement planning—and as such, they work best with long-term, buy-and-hold investing. Traditional IRAs use pre-tax dollars—basically, any money that is put into them lowers your gross income, and as such, your tax bill. In short, putting stocks in an IRA is the best way to lower the taxes that have to be paid on stocks.

Withdrawing money before the age of 59½ years old comes with certain penalties, so using IRAs for anything other than retirement planning isn’t recommended. Taxes will have to be paid for withdrawals, however—but investors that think they will be in a lower tax bracket once retired.

Roth IRAs, on the other hand, are funded with after-tax dollars—however, this allows the investments held within them to grow tax-free, and withdrawing from a Roth IRA does not trigger taxation. There are a couple of differences on top of this—while investors will have to take required minimum distributions (RMDs) after the age of 72, there is no such rule in place for Roth IRAs.

Both of these options are appealing—in fact, one of the universally-held rules of personal finance in the United States is to place a high priority on maxing out an IRA. Investors who decide to opt for long-term, buy and hold investing in GME stock, hoping for capital appreciation, should consider placing those investments in a tax-advantaged account such as an IRA.

Options ☑

Options or options contracts are derivatives—basically, unlike other, simpler investment vehicles, these are contracts that give the investor the right (but not the obligation) to buy or sell a security at a predetermined price within a specific span of time.

Options have a lot of advantages over stocks in terms of versatility—unlike stocks, buying an options contract doesn’t mean an investor takes ownership of something, so options contracts are much cheaper than stocks. The costs associated with purchasing an options contract are called premiums.

Options come in two varieties—calls and puts. Call options give the investor the ability to buy a security at a predetermined price, while put options give the investor the ability to sell that security at a predetermined price.

That predetermined price is called the strike price, and the date by which the options contract has to be exercised is called the maturity date. These basic factors are key to understanding all options trading strategies.

Because they are derivatives, options are sensitive to all changes to the underlying asset on which they are based—because of this, options are complex, volatile, and require a lot of knowledge to utilize successfully. Still, with the proper know-how, a good options trading strategy can be quite lucrative—and there are quite a lot of top brokerages that focus on options trading as their main selling point.

GameStop Investing Fees 💰

Investing in GameStop—actually, investing in any stock comes with fees. These aren’t tied to the stock itself—but rather to the brokerage company used to purchase the stocks. Although the expenses will vary based on the type and amount of fees incurred, there are a couple of universal constants that can be taken for granted.

Fees and commissions serve both as a hard barrier and a soft barrier. Using a brokerage that is too expensive is a non-starter, but even if an investor can afford a brokerage, the fees might be too high for them to break even.

As for the actual criteria to take into account, they are as follows: minimum deposits, stock trading commissions, and other fees. As far as minimum deposits go, the news is good—most brokerages have been in a dizzying race to reduce them as close to $0 as possible, but there is still work to be done.

As far as commissions and trading fees go, there has been a huge expansion of commission-free stock brokers in recent years, and this is the gold standard that should be strived towards. Other brokerages charge a flat fee per trade, or a percentage value of each trade, but these costs can easily add up and significantly reduce profits.

As far as other fees go, most of them will have to do with what the brokerage in question is offering. Most of these fees are optional, so it is a matter of choice—but plenty of high-quality brokerages charge fees for advanced market data, more powerful platforms, research materials, and other features.

GME Share Price Volatility 📊

It comes as no surprise that GME’s share price is quite volatile. Sure, the short squeeze may be over, but the stock is still showing rather significant changes in price on a regular basis.

Gamestop regularly experiences jaw-dropping volatility, with implied volatility regularly hitting levels of 145 or higher—which is more than 90% of the market. In layman’s terms, there aren’t many stocks that are riskier than GME.

When looking at beta, the most straightforward metric for volatility, things vary quite a lot depending on the timeframe that is looked at. Looking at the past five years, GME has a beta of -1.52—which suggests an inverse performance relative to the overall market, and significantly high volatility.

However, when looking at the stock’s volatility from mid-2021 to mid-2022, the beta is at 2.24—which, although still highly volatile, suggests that the stock followed market trends in this time period.

Overall, it comes as little surprise that Gamestop’s share price is quite volatile—however, this isn’t necessarily a bad thing, as price changes always bring about opportunities.

History of GME’s Performance 📈

Although most discussions about GME’s performance will focus only on the short squeeze, this isn’t the right way to go about things. Don’t get us wrong—the short squeeze is significant, marks a turning point in the company’s operations, and should be analyzed—but that flash in a pan won’t be coming again any time soon.

Since being publicly listed in 2002, GME has seen two periods with significant price moves. The original share price of approximately $9 reached its first peak in 2008, when the stock rose to a high of $60, but the 2008 financial crisis quickly wiped those gains out. The stock price saw little action between 2008 and 2014, trading at around $20 at all times, before rallying once more to around $55 between 2014 and 2015.

However, 2015 marks a definite turning point—with the gaming industry’s shift toward online platforms, GME quickly started losing ground—and between November of 2015 and the short squeeze, the stock price took a long and slow tumble from $55 to just $3—with no bright spots in between.

When the short squeeze occurred, the stock price shot up from approximately $9 to a whopping $325. Apart from being a significant event in terms of the public perception of stock trading, it also gave GME a bit of breathing room—and the company has since taken big steps to become more appealing to long-term investors—but we’ll focus on that in another section of the guide.

Does GME Pay Dividends? 🤔

Although those that got in on the action early earned a pretty penny, all of those returns were due to price appreciation/capital gains—GME does not pay dividends. The company did use to pay out dividends from 2017 to mid-2019—but seeing as how the company has been in dire financial straits for a while, dividends were discontinued.

Dividends are small, regular payments issued to shareholders—each share held entitles an investor to a dividend payment. These payments make the stock more appealing to investors, as a healthy, rising dividend-paying stock can easily become an integral part of a dividend investing portfolio, which serves as a healthy base of passive income.

It is important to note that, although GME does not pay dividends as of mid-2022, there is no guarantee that this situation will go on—or for how long it will go on for. Still, dividends are usually in the wheelhouse of stable, large-cap companies that have increasing revenues and earnings—and GME is still a long way to go from that.

Performance Analysis: Two of GME’S Top Competitors ⚔

Gamestop is unique in terms of recent events—being one of the first meme stocks and being central to a well-publicized short squeeze. However, these events are rare and unlikely to occur again—they are no basis for comparing the stock to competitors. So, we’re basically left with only one option—using universal metrics and comparing those with competing companies.

The first thing that has to be properly defined is the term competing companies. As mentioned, although somewhat unique, GME is basically a retailer that broadly falls into the category of consumer cyclicals, with a focus on videogames and electronics.

There are no other companies that fill this exact niche—particularly because the gaming industry took a hard shift away from traditional brick and mortar retail in the mid-2010’s, but looking at other factors, there are two companies that have the most similarities with GME—and they are Kroger and Walgreens.

Both Kroger (NYSE:KR) and Walgreens (NYSE:WBA) are retailers—specializing in department stores and pharmacies, respectively. These are large, established companies—not as large to be in the same category as blue-chip companies like Walmart—but just ubiquitous enough to be comparable to GME.

And looking at the metrics, both of these companies have some significant advantages over GME. Whereas GME has a market cap of approximately $9.5 billion, both of these competitors have the edge in terms of size—with market caps of $38 billion in the case of Kroger and $37 billion for Walgreens.

Both of these companies’ shares are also cheaper than GME—with Kroger trading between $37 and $60 in the period from mid-2021 to mid-2022, and Walgreens trading between $54 and $44 in the same period. Looking at the slightly longer-term, Kroger has had solid price appreciation, with share price rising from approximately $20 in 2017 to an almost rock-solid support price of at least $40 since mid-2021.

Walgreens, on the other hand, has had a rougher time—with share prices experiencing much more fluctuation. However, the company has solid fundamentals—and it also pays out a very generous dividend, so those interested in dividend investing and acquiring passive income ought to take notice.

GameStop’s Leadership: Top Executives 📚

Apart from the influx of funds received from the short squeeze, a lot of investors put faith in GME because of a significant yet hard to quantify factor—the quality of the company’s corporate leadership. In the wake of the short squeeze, the company has moved to hire several highly-experienced individuals—with most of them having experience both in finance, corporate leadership, as well as industries relevant to Gamestop’s business.

First and foremost, the CEO of the company, Ryan Cohen, head of RC ventures, is one of the driving forces behind GME’s revival. After founding and selling online pet retailer Chewy, Cohen became the single largest individual shareholder in Apple and Gamestop.

Since then, he has been instrumental in changing the company’s direction and is the man responsible for bringing over so many Amazon and Chewy alumni to take over key positions in Gamestop.

Matthew Furlong was named director and CEO of GME in 2021. After beginning his career at Procter and Gamble, Furlong spent nine years working at one of the world’s largest retailers, Amazon, as head of the company’s business dealing in Australia and a technical advisor for the North American market.

Mike Recupero is another Amazon veteran and is currently serving as chief financial officer. With 17 years of experience at the retail giant, Recupero brings a lot to the table—and the skills he learned as CFO of Amazon’s North American retail business and the CFO of prime video will surely be invaluable for GME’s further growth.

Diana Saadeh-Jajeh is the company’s chief accounting officer and senior vice-president. The role of a CAO is always crucial, but Gamestop finds itself in unprecedented circumstances—so skillful accounting will be essential if the company is to become profitable. One of the most promising things in this regard is that Gamestop has paid off all of its long-term debt, giving the company some much-needed breathing room.

However, we’re not particularly surprised—Diana Saadeh-Jajeh worked in various important financial positions at Visa between 1997 and 2015. She was most recently employed as Vice President of Global Finance Operations and Transformation for JUUL.

Advantages and Disadvantages of Buying a GME Stock ⚖

So, once all is said and done, what are the main advantages and disadvantages of buying GME stock? Well, for starters, the stock is widely accessible, being listed on the NYSE—and with a fair bit of media coverage, it is bound to experience a lot of investor interest and solid liquidity and trading volume in the coming years.

Gamestop’s attempts to utilize the short-squeeze to reorganize have already led to some results—revenues are up, sales per store are increasing, and the company has started to transform into an online marketplace under the leadership of Ryan Cohen. On top of that, the company is also branching out into the NFT space, and its cash-rich balance sheet holds some promise for the future.

However, this doesn’t mean that they are out of the woods yet—Gamestop still has a long way to go and a tough path ahead of itself. Although some metrics are improving, the company is still operating at a loss—and although many of the new projects and changes are promising, these things take time to implement. 

Looking at the long-term picture, GME’s performance hasn’t been stellar since the company went public—and although the stock generated a lot of buzz, it will be quite hard to shake off the reputation of a risky, volatile meme stock—something that investors, particularly institutional investors, are averse to.

How to Reduce Risk When Trading? 🤓

Investing always comes with risks—however, because of this, even average stock market returns far outclass those of savings accounts. Risk goes hand in hand with reward, but that doesn’t mean that it is a fixed category—on the contrary, a lot of what goes into meticulous investing is actually just plain old risk reduction.

Managing risk can be accomplished in a couple of ways—monitoring investments, rebalancing portfolios, keeping a close eye on the markets and geopolitical events—there are plenty of factors that go into researching stocks. However, in the interest of brevity, we’re going to highlight two of the most important factors—especially when it comes to investing in GameStop stocks.

Be Aware of Scams ⚠

An unfortunate fact of life is that the finance space is rife with malicious actors and plenty of fraudulent schemes—and GME stocks are no exception. Although the company is publicly-listed, and as such it is held to high standards with regard to transparency, the fact that the company received so much media attention made it very attractive to scammers.

Now, before we move on, we should make a couple of things crystal clear. Although hedge-fund managers, pundits, and analysts were very liberal with terms like scam and pump-and-dump scheme when talking about the GME short-squeeze, there’s no evidence to support the claim that the short-squeeze constituted market manipulation. Sure, what happened was unexpected, and caused a lot of volatility—but it was all fair and square.

However, scammers latched on to the highly publicized story of GME. Investment scams come in one of two main forms—unlicensed, unregulated brokerages, and claims of guaranteed profits or insider trading.

Unlicensed and unregulated brokerages don’t have to meet the strict requirements that regulatory bodies force legitimate brokerages to comply with. This not only causes subpar offerings in terms of execution speed, access to markets, and customer protection in terms of insurance and legal recourse—but it also allows for predatory and non-transparent business practices, such as enormous minimum withdrawal requirements and the like.

On the other end of the spectrum, wild claims of quick, easy, and guaranteed profits are often spread via message boards, spam emails, and shady websites. These claims are too good to be true—because, of course, they aren’t true.

Although a lot of this can be avoided by using common sense, everyone suffers from a lapse of judgment and lets their guard down every once in a while. Whenever an investor is considering opening a brokerage account, they should follow the SEC’s guide to avoiding fraud. It goes without saying but bears repeating—one should never invest without using a good, reputable stock brokerage.

Diversify Your Investment Portfolio 📜

Gamestop might be a great opportunity to make money—but as the old adage goes, one should never put all one’s eggs in one basket. Diversification is the application of this age-old wisdom to investing.

Unlike a lot of things when it comes to investing, diversification makes complete and total sense even at first glance—if all investments are tied up with one company, and the share price drops, or the company goes bankrupt—then all of that money is gone. Conversely, if investments are spread out across multiple companies, then the failure of one company will cause much less damage to the overall portfolio.

Diversification applies both in this sense and in a wider sense—sure, one should always invest in multiple companies, but that’s not the be-all-end-all of diversification. Investors should also take care to spread their money across different asset classes other than stocks, such as other equities including ETFs, mutual funds, fixed-income securities such as bonds and treasury notes, and maybe even some less-conventional investments such as gold or cryptocurrency. 

Diversification is a big topic, and it is impossible to properly cover it in the confines of this guide—however, we’ll touch on some of the basics. First, before setting off into the world of investing, one should always have a plan. We’ve already discussed the fact that an investor should have a solid overview of the strategies they will use, and how much money they will invest—and the same thing that goes for investing in GME holds true in the bigger picture.

Before actually investing, investors should have an idea of their desired asset allocation. Keep in mind, however, that this isn’t simply a matter of preference—it will require research, introspection, and even budgeting to determine personal risk tolerance—and once that is done, the job of constructing a portfolio that offers the desired ratio of risk to return can begin.

There are plenty of portfolios to choose from—some are simple, requiring little rebalancing, and consist only of stocks and bonds—while others, like the Dragon Portfolio, require investors to put money into a lot of asset classes and utilize both active and passive investing strategies.

How to Buy GME Stock Outside of the U.S. 🌍

Buying GME stock outside the U.S is possible—but exactly how hard it is going to be to pull it off will vary a lot from country to country. In general, residents and citizens of developed economies in the first world won’t have any issues here—most of the best stock brokerages offer their services in these countries.

Investors who live in other countries generally have one of two choices—one, try to find access to a well-renowned international brokerage, and two, find a brokerage that operates in their country but offers access to the NYSE. 

Although it might seem like a hassle, access to the NYSE is a huge selling point, so most brokerages try to incorporate it, seeing as how it is the largest and most well-known stock exchange in the world, hosting some of the world’s most famous companies. Keep in mind, however, that some brokerages, like Robinhood, suspended trading of GME shares during the short squeeze.

Should You Consider Buying GME Stock? 🧐

Now that everything else is out of the way, we come to the main question—should investors even buy GME stock? There are plenty of mixed messages to be found online—ranging from overly cautionary tales to hopeful predictions of another short squeeze. The truth, as always, is somewhere in between.

Although rumors abound, we are unlikely to see something like the famed short-squeeze again. The reason is quite simple—the big hedge funds that were behind the mess in the first place learned their lesson.

On the other hand, this doesn’t mean that GME isn’t worth investing in—remember, stock squeezes are rare occurrences. Although the likelihood of getting triple-digit returns on GME are slim to none, the stock is still experiencing a lot of trading volume, volatility, and interest—all of which are promising factors.

On top of that, the company has taken steps to reorganize and better adapt to changing market conditions, there is the possibility of an upcoming stock split, which could make the company’s stock even more accessible to retail investors. On top of that, the company is starting to spread out into the NFT and crypto space—while this might be a risky part of the market, it is full of opportunity.

In conclusion—yes, you should consider buying GME stock. The short squeeze was a brief flash in the pan—but GME still holds a lot of promise, and the stock is still a good opportunity for investors of all stripes—long-term, short-term, and even short-sellers alike.

Conclusion 🏁

The saga surrounding GameStop is bound to be one of the more memorable stories relating to investing for a long time to come. Although it isn’t likely that another short-squeeze is going to occur (due to a variety of factors that we’ve discussed), the company has utilized the short-squeeze to reorganize and regroup.

All in all, we’re unlikely to see the stellar returns that characterized the original short-squeeze, but the stock is still worth buying—it still experiences sizable price moves, there is a lot of buying pressure, and the stock is well-publicized.