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Let’s go back to January 2021: a scrappy band of internet renegades on Reddit, led by a guy named RoaringKitty, decides to take on the big bad hedge funds by buying up shares of GameStop, a struggling video game retailer. This sends the stock price soaring from basement bargain to penthouse suite, causing Wall Street big shots to lose their shirts and the internet to collectively lose its mind. It’s like David and Goliath – if David was a cat-loving day trader and Goliath was a bunch of hedge fund managers left scratching their heads and their wallets. Hilarity and chaos ensue, and memes, oh the memes!

FF to May 2024 and the cat is out of the bag (after 3 years of silence) tweeting this and sending GameStop shares soaring 74% (amongst other meme stocks). If you rushed to buy shares, my condolences as the shares are right back to where they were before it started.

TLDR: Meme stocks are fun if you own them before they take off – but can wipe out your portfolio if you are still holding them when everyone else gets out.

10 Things 👇️ 

1. Watch: RoaringKitty has returned 📺️ 

2. Enough YOLO, here are 4 Timeless Investing Principles That Never Change

3. 5 Stocks to buy instead of GameStop or AMC 📺️ 

4. Rich people Habits that made me $1M

5. Looking for a career change? 14 High-Demand Jobs that pay more than $60 an hour

6. How this couple retired with $540K At 40 In Colorado 📺️ 

7. Mark Cuban Says This Is the 1 thing he'd 'do differently' in life

8. Feeling burnt out? Here are 6 causes and how to avoid them

9. Unwritten rules

10. You won’t believe these 10 CRAZY stats on Money 📺️ 

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PS – I can’t wait to get my hands on the new rewards card from Robinhood. It pays 3% cash back in rewards that I’ll be using to buy more shares of my favorite stocks. Use this link to get on the waitlist.