Dumb Money (2024)

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Dumb Money (1)

Dumb Money

Dumb Money is the ultimate David vs. Goliath tale, based on the insane true story of everyday people who flipped the script on Wall Street and got rich by turning GameStop (yes, the mall videogame store) into the world’s hottest company. In the middle of everything is regular guy Keith Gill (Paul Dano), who starts it all by sinking his life savings into the stock and posting about it. When his social posts start blowing up, so does his life and the lives of everyone following him. As a stock tip becomes a movement, everyone gets rich – until the billionaires fight back, and both sides find their worlds turned upside down.

- Synopsis provided byFabric Origin

Credits

Director:

  • Craig Gillespie

Cast:

  • Paul Dano
  • Pete Davidson
  • Vincent D'Onofrio
  • America Ferrera
  • Nick Offerman
  • Anthony Ramos
  • Sebastian Stan
  • Shailene Woodley
  • Seth Rogen
  • Clancy Brown

Writers:

  • Ben Mezrich
  • Lauren Schuker Blum
  • Rebecca Angelo

Producers:

  • Aaron Ryder
  • Andrew Swett
  • Ben Mezrich
  • Cameron Winklevoss
  • Claire Severance
  • Craig Gillespie
  • John Friedberg
  • Johnny Holland
  • Kevin Ulrich
  • Lauren Schuker Blum
  • Loren Brock
  • Michael Heimler
  • Rebecca Angelo
  • Teddy Schwarzman
  • Tyler Winklevoss

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Dumb Money (2024)

FAQs

What is the dumb money strategy? ›

Consequently, the “dumb money” group tends to buy and sell investments at the worst possible time. They buy stocks when prices are on the rise and sell those stocks when prices start to decline. For the average investor, the stocks they buy go on to underperform, and the stocks they sell go on to perform very well.

How did Jenny lose money in dumb money? ›

Dumb Money does not entirely shy away from showing those losses; along with Gill, the film follows a handful of fictionalized GameStop investors, including Jennifer, a nurse played by America Ferrara, who becomes obsessed with Gill and GameStop stock, buys in big, and ends up losing money after failing to sell at the ...

What is considered dumb money? ›

The Wall Street Pro. Dumb Money refers to normal everyday investors, probably like you and me, trying to invest in the stock market. Hedge funds and wall street pros consider our investments dumb money because we are uneducated and unaware of the high-level investing, they do day in and day out.

Was the nurse in dumb money real? ›

America Ferrera's character in Dumb Money, Jenny Campbell, is based on real-life GameStop investors involved in the short squeeze, primarily LA-based nurse Kim Campbell. Jenny Campbell is a mix of multiple people and represents the online retail investors who followed Keith Gill's theories.

What is the dumb money expression? ›

Then, a Reddit group and community of “dumb money” investors, which is the term given to individual small investors and people who make mistakes. This term was Wall Street slang.

What is the silent killer of money? ›

Inflation: Your wealth's silent killer; Here's how you can protect your wealth. Inflation has been rampant over the last couple of years. High inflation eats away at your savings and reduces your purchasing power over time.

How accurate was Dumb Money? ›

Although most of the story is factually correct, not everything happened exactly as shown. For example, some of the people who followed Keith Gill's trade, such as the character Jenny, are mere representations of the type of people who participated in the GameStop mania.

Did the guy from Dumb Money ever sell? ›

At the end of "Dumb Money," Gill considers selling his stock but he buys more instead. It's also implied that he may have sold some stock since his brother, Keith (Pete Davidson), is shown being gifted a brand-new sports car. The movie claims that, as of April 2021, Gill was worth $34 million.

Did Roaring Kitty ever sell? ›

Meme stock star Roaring Kitty, also known as Keith Gill, may have sold some of his GameStop holdings. The screen shot also showed he owned 5 million GameStop shares worth $115.7 million on June 2. On Wednesday, some 93,000 of the June call options changed hands, some of it in large chunks of 5,000 contracts or more.

What do diamond hands mean in dumb money? ›

Diamond hands

An expression made popular in online communities like WallStreetBets which refers to holding on to an investment despite its volatility or the pressure an investor is under to sell it. Often accompanied by diamond and open hand emojis.

What is lazy money? ›

The term lazy money refers to funds you've earmarked for retirement that are not actively working to generate returns. One of the most common examples of lazy money is cash that's sitting in a low-interest savings account, earning minimal interest.

Does Keith Gill still own GameStop? ›

As of June 2024, Gill owns 9 million shares of GameStop valued at approximately $250 million, making him one of the company's top five largest shareholders.

Who got rich from GameStop? ›

Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill's net worth is over $289 million.

How does dumb money end? ›

The film ends with Gill's followers being able to make life choices that allow them to catch a financial breath. Plus, Keith gifts his brother Kevin (Pete Davidson) a car, so he can continue his gigs as an essential worker.

What is the funny money strategy? ›

Funny money is for betting on outsized returns. It's not an investment strategy. If the goal is outsized returns, then – fingers crossed – you'll have outsized capital gains. If it's in a Roth IRA, you'll never pay taxes on those gains.

What is the poor man option strategy? ›

A "poor man's covered put" is a trading strategy that mimics the payoff of a covered put but with a lower capital requirement. This strategy involves using a long-term put option (often a LEAPS option) as a substitute for shorting the underlying stock, and pairing it with a near-term short put option.

What is the great money trick? ›

The passage from Robert Tressell's 'The Ragged Trousered Philanthropists' in which one of the characters cleverly outlines how the use of money under capitalism enriches capitalists and exploits the working class.

What is the rich cheap strategy? ›

The rich-cheap strategy is designed so that the likelihood of positive alpha is greater when both traded pair constituents are at or near their 30-day extremes.

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