The Motely Fool was cutting edge in the early dot.com days.
Now, they are no better than the guy selling mutual funds at your local bank. They are so old they fart dust.
The entire GME thing was done for a purpose. An investor who understood what was going on could have made some money on it. Someone who understood what was going on...would have not put too much of their money into GME. An investor who understood what was going on would probably be on the sidelines by now.
Motely Fool is decent if you are either really new to investing...or really scared of investing.
Yep. Peter Schiff, famously predicted that the blip in the housing market was actually the coming collapse that everybody was waiting for. He was even mocked in a live form of so-called experts for having such an opinion. They all ended up with egg on their faces.
That said, he has become just another one of the Doom and gloom things ever since. Getting one thing right is the price of admission into fame. But the basic mantra is always,”what have you done for me lately?”
I agree. The Motley Fool was interesting reading at one time. I’m not saying that they were always right. But they did have some good insights.
Now they’re kinda like any other dime-a-dozen investment site: “Click here to learn about the one stock that will double in a week!”
Agree on your take on Motley Fool. The investment world has changed a lot since the dot.com days, they haven’t.
Side note: I occasionally dabble in “undervalued” stocks but was intrigued with the GME rollercoaster and the folks behind it. Within 2020 I bought 10 shares at 140 with a sell order if they hit 240. Needless to say I am out now with a small profit and the resolve to not participate in such foolishness again.
I was up 175% based on the fool’s advice last two years