$ROUNDHILL MEME ETF (MEME.US)$ In my opinion, this ETF is no...
$ROUNDHILL MEME ETF (MEME.US)$
In my opinion, this ETF is not worth a buy. People buying into meme stocks are looking for a potential short squeeze in a particular stock and reaping the windfall as soon as the price skyrocketed. Based on the past short squeezes in meme stocks, it almost always happened to only 1 - 2 stocks at a time. Buying an ETF defeats this purpose because it holds a basket of various stocks and the likelihood of having majority of these stocks experiencing a short squeeze at the same time is unlikely. I would advise meme gamblers to put in the effort to continuously look for a few potential meme stocks and bet on those.
In my opinion, this ETF is not worth a buy. People buying into meme stocks are looking for a potential short squeeze in a particular stock and reaping the windfall as soon as the price skyrocketed. Based on the past short squeezes in meme stocks, it almost always happened to only 1 - 2 stocks at a time. Buying an ETF defeats this purpose because it holds a basket of various stocks and the likelihood of having majority of these stocks experiencing a short squeeze at the same time is unlikely. I would advise meme gamblers to put in the effort to continuously look for a few potential meme stocks and bet on those.
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Mittchell : I look into some of these ETFs a bunch of them have high expense ratios.
You may be better off going with tech heavy ETF like VGT or even just QQQM. These big companies tend to have dedicated data science and analytic teams within their organization.