With GameStop stock up over 100 percent yesterday, “meme” stocks are back in the news. These returns are based on pure speculation driven by social media without company news or fundamentals. For investors, this creates excitement, anxiety, and fear of missing out (fomo). What should investors do? There are plenty of stocks in exciting industries with the innovation and underlying fundamentals to back up returns. Find stocks of great companies to invest while keeping in mind your goals and core asset allocation.
- Post author:Kevin McNab
- Post published:February 25, 2021
- Post category:Academic / Community / Entrepreneurs / General
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This article is written by Kevin J. McNab. Kevin is President of ACE Wealth Partners, LLC and is a CFP®, ChFC®, and CRPC®. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views expressed in this blog post are as of the date of the posting, and are subject to change based on market and other conditions. This blog contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Please note that nothing in this blog post should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by ACE Wealth Partners, LLC unless a client service agreement is in place. If you have any questions regarding this Blog Post, please Contact Us. Please read our website DISCLOSURE carefully for additional information.