Owing $800,000 in Taxes on $45,000 of Net Profit

This one tax rule is going to screw over a lot of people that got involved with Gamestop and AMC Stock at the start of 2021! BE CAREFUL OUT THERE! Join Public and See My Portfolio! http://pblc.co/magooinvesting I have a financial relationship with Public and will be compensated if consumers apply for an account and/or fund an account with Public through links in my content. However, the analysis and opinions expressed here are my own. My Second Channel!    / @magooinvesting2563   Join my Discord Channel!   / discord   My Intro Course To Investing: https://magooinvestingbasics.teachabl... Hey guys how's it going it's Andy from Magoo Investing, Happy Saturday! In today's video I'm talking about a news article about someone owing $800,000 in taxes on $45,000 of net profit. So today we'll be talking about the wash sale rule and how to works. We'll talk about why I'm worried for newer investors that got invovled with the gamestop and AMC Stock hype at the start of the year. And I also talk about why we need better education in schools about the risks of investing in the stock market for beginners. Let me know if you knew about the wash sale rule and I'll see you in the next video! Stocks In This Video: Gamestop Stock - GME Stock - $GME - GME AMC Stock - $AMC - AMC Tags: stock market, investing ,gamestop stock, gme stock, amc stock, wash sale rule, wash rule, tax losses, tax losses explained, wallstreetbets, wsb, wsb loss, investing 101, investing for beginners, magoo investing, positive investing channel, day trading, swing trading, how to day trade, how to swing trade, how to start investing in the stock market, stock market for beginners, how to invest, tips for investing, stock market 2021, stock market explained, stock market today