Payne Porter and his sister, Piper, jumped on the GameStop stock frenzy in late January. Mr. Porter, a 23-year-old clothing designer in Los Angeles, invested $5,000, while his 26-year-old sibling, who works at an L.A. marketing agency, put in $3,000, both using the Robinhood trading app.<\/p>\n
The wild ride they experienced during the two weeks they owned the stock was both thrilling and terrifying, they said.<\/p>\n
I remember texting my dad when I was up $40,000 and he told me to pull out and I didnt, Mr. Porter said. It was definitely an emotional rollercoaster.<\/p>\n
When they finally quit, they were still ahead by about $10,000 each. It was their first time buying stock on their own, and while they timed their exit well, they said next time they will proceed with more caution.<\/p>\n
It felt more like gambling than investing, Ms. Porter said.<\/p>\n
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Investing, Not Gambling: These Apps and Services Help Young Stock Buyers Think Long Term - The Wall Street Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Payne Porter and his sister, Piper, jumped on the GameStop stock frenzy in late January. Mr Continue reading