Meme ETFs ๐Ÿ˜‚

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Meme ETFs

You might find ETFs to be very safe instruments, and they are. Many invest their money into the SPY index fund as per Warren Buffettโ€™s recommendation, or a dividend ETF. Some go for a growth fund, others lean for a more conservative-styled ETF, and you might use an inverse ETF to hedge your portfolio. More ETFs are entering the market, and some may surprise you.

With the current markets being a speculative mania, social sentiment is a powerful tool. It indicated the short-squeezes, and many wild runs in stocks. To solve this, a social sentiment ETF was created, its ticker being โ€œBUZZโ€. It was backed by one of the original stock market memelords: Dave Portnoy, the sports gambler who became a stock market trader. This ETF has more than 500 million dollars in net assets, and itโ€™s a popular ETF for retail traders.

Another one has now arrived; this time, it is a FOMO ETF, or fear of missing out. Obviously, the ticker is โ€œFOMOโ€. This gets you access to speculative assets like SPACs, cryptocurrencies, and meme stocks. The creator of this ETF believes that FOMO has a lot of power and believes that retail traders will buy it. Recently, the stock market has seen a resurgence in meme stocks, with AMC and GameStop closing as top gainers and forcing shorts to close once again. Although the ETF will likely lag the market, FOMO could see a short squeeze someday if the short interest is high. Will you be buying shares in these modern ETFs?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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