5 Ways to Invest in Meme Stocks More Safely

2021 could go down on Wall Street as the year of the meme stock. If you've watched the wild ups and downs of stocks like GameStop (NYSE: GME) or AMC Entertainment Holdings (NYSE: AMC), you might be tempted to get in on the action. As of Friday, GameStop shares were up almost 900% year to date. AMC shares were still up by nearly 1,800%.

Those astronomical returns, of course, come with significant risks -- illustrated by the fact that GameStop closed Friday's session down more than 47% from its 2021 high, and AMC was down by almost 35% from its peak. So if you're thinking of investing in meme stocks, you'll want to follow these five tips to keep your money safer.

Image source: Getty Images.

Continue reading

Source Fool.com