Invest
Investors switch gears and flock to GameStop
The start of 2021 has seen investors turn away from traditional favourites, with the now famous GameStop drawing global interest, new data has officially shown.

Investors switch gears and flock to GameStop
The start of 2021 has seen investors turn away from traditional favourites, with the now famous GameStop drawing global interest, new data has officially shown.

Stats released by trading platform eToro have put GameStop at the top of the trading ladder, after it became the number one traded company in the month of January.
Shares in the US brick-and-mortar video game company expanded by over 700 per cent in recent weeks, as amateur investors entered a tug of war on Wall Street.
But GameStop was not alone, with a flurry of retail activity pushing up underwear company Naked and software company Blackberry into the top 10 for the first time – leapfrogging enduring favourite Apple.
Commenting on the top 10 most bought stocks for January, Gil Shapira said incredible market volatility towards the end of January saw users adding new names to their portfolios.
“We continue to emphasise to all retail investors that it is vital to remember the basic tenets of investing: diversify and only invest in markets and instruments you are familiar with,” Mr Shapira said.
“While it is always important to invest responsibly, investors should pay particular attention to their actions now, when share prices are so frothy. This is the time to stick to the basics and ensure your portfolio is properly diversified.”
Pharmaceutical and tech stocks also remained popular with eToro investors month-on-month, with well-known companies continuing to occupy their position on the list.
While still a favourite, Amazon took a tumble from eighth in December to 18th in January. Chinese tech giant Alibaba followed a similar trend, sliding from fifth most popular stock to the 17th position.
“This point is very important as long-term investors nearly always have more resilient portfolios and are therefore much better placed to ride out volatile conditions,” Mr Shapira concluded.
About the author

About the author


Stock market
US lawmakers quiz key GameStop players
Notorious retail investor Keith Gill is facing a grilling from the US congress and the possibility of a class action lawsuit due to his alleged part in the GameStop saga, with policymakers convinced h...Read more

Stock market
Facebook’s news ban feared to have implications for the sharemarket
Facebook’s move to restrict the sharing and viewing of news in Australia could have huge implications for the sharemarket, an expert has said, as Treasurer Josh Frydenberg readies himself for anothe...Read more

Stock market
Stock market bubble fears overblown: Vanguard
Fears of a stock market bubble are “overblown” despite equity markets around the world closing in on all-time highs, an industry analyst states. ...Read more

Stock market
Experts blast Treasurer’s plan to permanently ease disclosure laws
Sharemarket disclosure laws could be permanently relaxed as the Treasurer looks to shield businesses from disgruntled shareholders, but legal experts have labelled Frydenberg’s reasoning “madness...Read more

Stock market
Is your portfolio climate change ready?
The vast majority of investors believe climate change will have an impact on their portfolio, yet not all investors are readying their asset allocation to take advantage of a net zero world, new resea...Read more

Stock market
Sharemarket penalises mining firms abusing human rights
The sharemarket has been a powerful tool in holding to account mining companies engaged in human rights violations, but informational campaigns by civil society groups and the media are the real aware...Read more

Stock market
ASX warns against the ‘gamification’ of investing
ASX chief executive Dominic Stevens has warned against the gamification of equities, as young traders lock their gazes on chasing returns at the expense of any real sharemarket knowledge. ...Read more

Stock market
What is a stock market bubble?
If history is to be trusted, stock market bubbles inevitably burst and end in a stock crash, with devastating effects on your portfolio. How can you protect your investment from the negative effects o...Read more

Stock market
US lawmakers quiz key GameStop players
Notorious retail investor Keith Gill is facing a grilling from the US congress and the possibility of a class action lawsuit due to his alleged part in the GameStop saga, with policymakers convinced h...Read more

Stock market
Facebook’s news ban feared to have implications for the sharemarket
Facebook’s move to restrict the sharing and viewing of news in Australia could have huge implications for the sharemarket, an expert has said, as Treasurer Josh Frydenberg readies himself for anothe...Read more

Stock market
Stock market bubble fears overblown: Vanguard
Fears of a stock market bubble are “overblown” despite equity markets around the world closing in on all-time highs, an industry analyst states. ...Read more

Stock market
Experts blast Treasurer’s plan to permanently ease disclosure laws
Sharemarket disclosure laws could be permanently relaxed as the Treasurer looks to shield businesses from disgruntled shareholders, but legal experts have labelled Frydenberg’s reasoning “madness...Read more

Stock market
Is your portfolio climate change ready?
The vast majority of investors believe climate change will have an impact on their portfolio, yet not all investors are readying their asset allocation to take advantage of a net zero world, new resea...Read more

Stock market
Sharemarket penalises mining firms abusing human rights
The sharemarket has been a powerful tool in holding to account mining companies engaged in human rights violations, but informational campaigns by civil society groups and the media are the real aware...Read more

Stock market
ASX warns against the ‘gamification’ of investing
ASX chief executive Dominic Stevens has warned against the gamification of equities, as young traders lock their gazes on chasing returns at the expense of any real sharemarket knowledge. ...Read more

Stock market
What is a stock market bubble?
If history is to be trusted, stock market bubbles inevitably burst and end in a stock crash, with devastating effects on your portfolio. How can you protect your investment from the negative effects o...Read more