Meme-Type Action Could Have Different Results for These 2 Long-Term Investments
Whether you're betting on meme stocks or investing for long-term gain, there is the potential to make millions. But there is also potential to put your hard-earned dollars at risk.
Investors who stick to a long-term strategy can become millionaires over the course of years -- think investors in the cannabis industry, or possibly those who select a favorite turnaround play for the long haul. When it comes to retail investors who target companies with a high short interest (say, 20% of shares outstanding), that timeline can shorten to just a few days or weeks. And where the two strategies cross paths, you find the investors who just happen to get lucky. But getting lucky can also lead to frustration, uncertainty, and risk along the way.
The two stocks below have both seen challenges. One has legitimate turnaround potential, while the other could benefit from the hype despite the holes in its business. What happens when the Reddit r/WallStreetBets crowd takes notice of either one?
Source Fool.com
