Apr 19, 2022
The perfect storm of events led to a significant rise in what we call “meme investing.” That’s where you throw caution to the wind and take a stab at hitting it big through risky or speculative investments. It started with the pandemic – people bored at home; no sports on TV; Vegas shutdown. Then the headlines of GME and AMC stock “get rich quick” stories led to FOMO. All while, waiting there only a download away, were online trading companies, like Robinhood and Webull, ready to accept anybody willing to play the game. Did you take part in “meme investing?” Are you still taking part in “meme investing?”
With recent volatility in the markets, we’re seeing more and more ER Docs reconsider having side accounts. But does holding money aside for YOLO’ing really have much of an impact on a financial plan? We’ll look into that on today’s episode.