We’ve all probably heard about income shares. Many of us should be familiar with value and growth stocks, too. But recently, a new category of stocks has appeared in the investing lexicon – meme stocks.
These are shares that have been widely talked about on certain social media platforms. It starts off with just a few people discussing a particular company. Then, as more and more people join in the discussion, they subsequently unleash their full force on the stock.
It can, and often does, send the price of the share to astronomical levels. It is not uncommon for a targetted stock to surge thousands of per cent in a short time.
These meme stocks encapsulate all that is good and all that is bad about the stock market. The good part is that it shows that the market is working. The market is, after all, there to give investors a chance...