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3 Ways to Invest in Meme Stocks Safely

TheMotleyFool

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Many investors are drawn to meme stocks because they have the potential to be very profitable. Earlier this year, meme stocks like AMC Entertainment Holdings (NYSE: AMC) and GameStop (NYSE: GME) saw their share prices soar, making investors in those companies who sold at a profit very wealthy.

But there's a danger in investing in meme stocks. For one thing, a big reason they've taken off this year is media hype more so than an actual uptick in value. Or, to put it another way, the record-breaking gains AMC and GameStop saw earlier in the year were not necessarily reflective of the value of those companies.

Image source: Getty Images.

Source Fool.com

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