So, this little chronicle dates back to the year 2022, during the Ongoing GameStop Fiasco there were a crowd of retail investors buying and holding shares of GameStop. There were a bunch of Hedgefunds and Wealth Management Firms that would bet State pensions on Shorting GameStop. Meaning there were degenerate gamblers trying to make money from the tanking of GameStop.
Due to the hodl strategy of retail investors, this was negatively affecting the account valuation for these pension funds that were being degenerately gambled away.
So the Wall Street Media Machine started posting smear campaigns about how ‘buying and holding’ a stock would cost people their pension funds.
I Shit you not. This is a real thing that happened. I’m merely going back in time to present you the debauchery narrative spun by corporated media shills.
There were other sources stating State Pension Funds, Teacher Funds from other states, and even Police Pension Funds were allocated in. . . Well. . . Betting against people holding shares they bought.
It’s rather charming because retail investors also include. . . Well. . . Teachers;
The GameStop Fiasco affected all of finance and was a financial war raged against the machine with decentralized networks of individual investors trying to, well, Stop the Game.
Which had one side gamble Pension Funds and hire media outlets to run a smear campaign.
Resulting in the People asking why the fuck Management firms are gambling Pension Funds.
If anything, this should make you very wary of any 401k or pension fund. As if 2008 wasn’t a lesson for the average worker. . .
Wall Street Degeneracy at it’s finest
*Not Valid Financial, Legal, Life, or Any Advice