Thank you Donald Trump for once again allowing us to make some serious money
(media.greatawakening.win)
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I have never done this before. Do you have to have a lot of money to try this?
No. Start a fidelity account and deposit what you can afford. Risk what you can afford to lose. Be aware though that this stock is on a massive ride right now and it may dip pretty hard which is totally normal. But once the dip happens, invest what you can afford to lose and forget about it. Take a look at it in a year.
Nope, but just consider all investing a risk like going to the casino. If you're not prepared to lose the money you invest and you don't set a "walk away" limit, it's generally not a good idea to jump in.
Also, don't take advice from random strangers on the internet without a balanced approach of having an actual investment professional that you trust to be your counter-guide.
Also, be aware of the pitfalls of meme stocks (and stocks in general). Just because you see something shooting up to the moon, or cratering to the ground, the stock market success stories are generally made due to people's timing in investment. Obviously the ones who got in when GME was less than $75 a share back in the starting days of the meme stock -- and those who got out with a well-timed exit strategy -- fared the best. Some people lost everything when the dip happened because they over-leveraged themselves.
When a stock hits a certain point, you have to understand what risk vs. reward there will be when it comes to "buying in". And, at some point, you just have to either give up on a stock, or understand that it will take a LOT of financial attrition to stick with it with the intent of turning a profit long-term.