There's a lot of lingo to know.
Summary SCREENRANT VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT Dumb Money brings audiences into the world of stock trading, Wall Street, and Reddit, and the exploration of the GameStop stock story includes plenty of terminology and phrases that could be new to viewers. The 2023 movie tells the true story of how YouTube investor Keith Gill and many others turned GameStop into the hottest stock on the market.
Retail Investor: The term retail investor refers to anyone who buys and sells stocks for personal investing purposes instead of as part of an organization or group. Sometimes known as individual investors, these people primarily utilize online stock trading to do all their stock trading themselves and buy and sell their stocks in lower volumes due to typically having less money to contribute to the investments.
Dumb Money: The title of Dumb Money is a term that refers to the collective investments of retail investors. It plays on the idea that retail investors are not smart enough to understand the stock market and the perception that they always lose. That is why hedge fund managers might refer to retail investors as dumb money, whereas they would be considered "smart money.
WallStreetsBets: This is the subreddit page that is primarily featured in Dumb Money. r/WallStreetBets was founded in 2012 and has over 14 million active subscribers. The Reddit page is regularly filled with memes and the opinions, questions, and portfolios of retail investors. Diamond Hands: The term diamond hands refers to the idea that retail investors will not sell their stock. They have diamond hands because of how firmly they will hold onto a stock, even if the price is soaring or falling.
Occupy Wall Street: The Occupy Wall Street movement is referenced in Dumb Money, drawing attention to the protest about America's financial inequality. The movement occurred from September to November 2011 and was meant to raise awareness for a variety of issues, such as corporate influence on politics, bank reform, and student debt forgiveness. It marked the beginning of the wider Occupy Movement.
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