Should I invest in Meme stocks?
Should I Invest in Meme Stocks?
While I can’t give direct investment advice I feel comfortable saying that you’'ll be better off saving your time and energy and sticking to your long-term investment strategy.
But if that answer doesn’t satisfy you and you’re still curious, a different response is: it depends on your goals, your tolerance for risk, and how much fun you’re hoping to have along the way.
But first, let’s back up.
What Is a Meme Stock, Anyway?
Meme stocks are companies whose share prices skyrocket (or crash) mostly because they’re trending online — not necessarily because they’re crushing it financially. Think GameStop, AMC, or Bed Bath & Beyond. These stocks tend to blow up on Reddit threads like WallStreetBets or across TikTok, driven by hype, FOMO, and sometimes just the thrill of sticking it to “the suits.”
So… Should You Buy Them?
Here’s my take: it’s okay to have a little fun with investing, as long as it doesn’t derail your bigger financial plan. If you’ve got your emergency fund in place, you’re saving consistently for retirement, and you want to toss a small amount into a meme stock just for kicks — that’s your choice.
But keep these three things in mind:
1. This Is Speculation, Not Strategy
Buying a meme stock isn’t the same as investing in a diversified portfolio or in companies with solid long-term outlooks. This is more like placing a bet. Or as they say in Vegas: don’t gamble what you can’t afford to lose.
2. Volatility Works Both Ways
Yes, there are stories of people turning a few hundred dollars into a small fortune. But for every “Wolf of Wall Street”-style win, there are a lot of people quietly licking their wounds. Meme stocks are extremely volatile, and what goes up — fast — can come down even faster.
If you’re reading this — and you know me — you know how I feel about timing stocks 😑.
3. Don’t Let the Hype Distract You
The core of your financial life should be steady, boring, and effective. It may not get you likes on Instagram, but diversification, consistency, and patience tend to win over time.
Bottom Line
If you're wondering whether you should invest in meme stocks, ask yourself: Is this helping or distracting me from my real goals?
My guess is that it is distracting you from your goals and/or something else IRL.
There’s nothing wrong with a little experimentation. Just make sure your financial foundation is solid — and treat meme stocks like what they are: a gamble, not a game plan.
