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Many facets of life have changed as a result of social media, including how people invest. A increasing number of investors are hoping to make money by buying “meme stocks,” or stocks that generate a lot of interest online.
Since a group of Reddit users conducted a short squeeze that drew attention outside of financial circles, GameStop (NYSE:GME) is currently the most well-known meme stock. It isn’t, however, the only one. Indeed, there is an ETF that trades under the ticker symbol BUZZ that employs an algorithm to recognise and invest in companies that are frequently discussed online.
Although it may be tempting to try to cash in on the meme-stock trend (especially if you’ve heard stories about people making a fortune doing so), buying shares of companies based on social media exposure is a high-risk gamble that is unlikely to pay off in the long run.
So, how can you double your money in the stock market without risking it on a meme stock? It’s straightforward: Invest in an index fund that tracks the S&P 500. You can purchase an ETF that monitors the S&P 500 and own a small piece of each of the major U.S. companies that make up this financial index right away.
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If debt and gold investors saw positive returns in 2017, equity investors saw a decline. Analysts expect that the stock market’s weak performance will continue in 2018 as a result of the effects of demonetization.
SIPs are a wise and disciplined way to save money for investors in mutual funds. However, statistics indicate that when the economy was not doing well, many people withdrew their SIP funds. This shouldn’t have been the case because SIP is a long-term investment vehicle, and investors shouldn’t be put off by short-term market volatility. The easiest way to keep track of your SIP funds is to use a SIP calculator. The SIP calculator immediately displays results and shows how small investments made over time can be transformed into a large sum using colorful graphs and pictorial representations. The SIP calculator has a user-friendly gui that makes it reasonably easy to use. Since all of the calculations are automatic, accuracy is another aspect that makes SIP calculators more important to investors.
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When a new meme becomes popular, the competition to turn it into products is fierce. For example, within hours of the laurel vs. yanny debate, Instagram meme pages were trying to cash in by selling yanny-and-laurel-themed T-shirts, aprons, and other merchandise.
But there was a period, roughly between 2008 and 2012, when seeing memes on books, merchandise, and T-shirts was still unusual. Memes began to seep out of forums and corners of the internet like Reddit into broader society as social media was just getting started.
This period in history is known as the “OH! The Internet Is a Thing!” stage, according to literary agent Kate McKean, who has sold many meme-based books. It was a time when almost everyone could make money by putting a meme on a T-shirt, mug, plate, book, or poster. Meme-centric Tumblrs started getting book sales, FunnyJunk.com started selling “rage face” merchandise, and Urban Outfitters ordered a boatload of “Scumbag Steve” T-shirts. The world has changed drastically in just five years. The competition is fierce, and those who make a living selling meme-based goods online say it’s more difficult than ever to profit from a meme. Readings to Consider Readings to Consider