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MEME ETF - A Fast Track To Wealth?

@koolgal
🌟🌟🌟There is Meme Mania in the air and $ROUNDHILL MEME ETF(MEME)$ is the first and largest ETF designed specially to track the performance of Meme stocks. Meme stocks are shares of companies that are actively traded by a dedicated online following of investors. Without their cult followings, meme stocks are not necessarily valuable assets or profitable. $GameStop(GME)$ was the 1st meme stock which exploded in value in January 2021 when hordes of Reddit users started buying GameStop stock, making it very expensive for hedge funds to buy back their short positions. As a result, some hedge funds suffered huge losses while some retail investors made millions. Bullish sentiments among retail investors have driven meme stocks to new highs this year. $Carvana Co.(CVNA)$ is up 30% today, and a staggering 1032% year to date on news of its debt restructuring of USD 1.2 billion. $Rocket Lab USA, Inc.(RKLB)$ is up 102% with the successful launch of its rocket Baby Come Back mission on July 18. $Carnival(CCL)$ was on the brink of bankruptcy when Covid 19 hit and lock downs in place. It has since recovered spectacularly when cruisers piled back to its ships. It is up 126% year to date. Tesla is up 170% year todate. All these success stories are linked and driven by social media too. While it is possible to make money with meme stocks, it is a risky venture. Meme stock investing relies on trying to time the market, which is really a tough job. Even the professionals are not that good. So I believe that Meme ETF has a place in my portfolio as it is diversified into top 25 holdings. They include Rocket Labs, Upstart Holdings, Nikola Corp, Palantir, Enovix, Carnival Corp, Carvana Co, SoFi Technologies, Lucid Group, Penn Entertainment. Meme ETF also includes Tesla, Coinbase, Rivian Automotive and of course Gamestop, the meme stock that started the meme mania. The expense ratio is 0.69% as it is an actively managed ETF. The Fund Manager, Roundhill Investments rebalances the holdings every 2 weeks and provide an equal weighting on the holdings. Meme ETF has a dividend yield of 1.74% and paid 69 cents per share in December 13, 2022. Performance wise, Meme ETF is up an impressive 69% year to date. So if you are excited about investing in meme stocks but don't love the risk of holding a single stock, then Meme ETF is definitely for you. It will certainly add a zip to your portfolio. As for me, I am bullish on Meme ETF too. I know it can be high risk high reward kind of investing and possibly lots of volatility too. However Meme ETF would just form a small percentage of my total portfolio just to liven things up. @Daily_Discussion @TigerStars @MillionaireTiger @Tiger_comments @CaptainTiger @Trend_Radar @MeowKitty @CL_Wong @Thonyaunn @Derrick_1234 @Shyon @icycrystal @CMLeong
MEME ETF - A Fast Track To Wealth?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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