3 Really Bad Reasons to Buy a Stock

Buying stocks is a great way to grow wealth over time. But if you're going to add a stock to your portfolio, you should do so for the right reasons. Here are a few really bad reasons to pick one stock over another.

Companies that get a lot of press aren't automatically companies worth buying. And there are perhaps no greater examples of this concept than meme stocks.

Early on in the year, meme stocks like GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) were all the rage. Investors were clamoring to own these companies due to a Reddit frenzy that broke the internet.

Source Fool.com