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People Who Made Money On GameStop Have A Really Big Tax Bill Coming



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It’s rare that stock market jargon makes its way into everyday conversation. But after a group of Reddit users manipulated the price of stocks such as GameStop, AMC and Blackberry, reaping huge gains overnight, it seems like everyone is talking about short selling and hedge funds.Some investors joined the action early enough to cash in big time on these so-called “meme stocks” (others, not so much). It’s enough to tempt even the novice investor into dabbling in day trading, with hopes of pegging the next GameStop. But not only is this type of speculative trading extremely risky, …
Source: Money