Investors Seek Less Volatile Ways to Capitalize on Meme Stocks

From the GameStop frenzy of 2021 to the recent surge for Reddit and Truth Social, many investors likely have a fear of missing out (FOMO) on these seemingly lucrative opportunities. However, for those investors for whom 'meme' stocks come with risks beyond their appetite, there may be a less volatile way to capitalize on the trading phenomenon, according to Hannah Gooch-Peters, global equity investment analyst at Sanlam Investments.

Meme stocks, which gained popularity through social media platforms like Reddit and Twitter, have attracted retail investors looking to make a quick profit. In 2021, GameStop shares skyrocketed by more than 1,500% in just a few weeks, driven by a coordinated effort from retail investors on the Reddit forum r/WallStreetBets. While some investors made substantial gains, others were left holding the bag when the bubble burst

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