Many investors fear missing out on lucrative opportunities like GameStop and Reddit. However, there may be less volatile ways to capitalize on meme stocks, according to an investment analyst.
From the GameStop frenzy of 2021 to the recent surge for Reddit and Truth Social, many investors likely have a fear of missing out (FOMO) on these seemingly lucrative opportunities. However, for those investors for whom 'meme' stocks come with risks beyond their appetite, there may be a less volatile way to capitalize on the trading phenomenon , according to Hannah Gooch-Peters, global equity investment analyst at Sanlam Investments.
Meme stocks, which gained popularity through social media platforms like Reddit and Twitter, have attracted retail investors looking to make a quick profit. In 2021, GameStop shares skyrocketed by more than 1,500% in just a few weeks, driven by a coordinated effort from retail investors on the Reddit forum r/WallStreetBets. While some investors made substantial gains, others were left holding the bag when the bubble burst
Investors Meme Stocks Gamestop Reddit Volatile Trading Phenomenon
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