I make a modest income and work very hard to save every spare penny. I have never been one to invest and gamble with my finances, but with my mind focused on saving for a down payment on a home in CA (usually 120k), I have become a bit more desperate to make money moves. Recently on WSB, I read a thread on investing in PSTH, and how it is fool-proof basically. After a bit of research, I am contemplating dumping a large chunk of my savings into this in hopes that it can atleast double my income in 12mnths. (Hopeful)
Now I am realizing that WSB is mainly for meme stocks and hard to take seriously. Is there any merit to their recommendations? Will this be a good stock option for me?
TLDR; I am thinking of investing a large chunk of savings into PSTH due to recommendation on r/wallstreetbets. Is this a poor idea? Please advise.
Submitted December 28, 2020 at 08:36PM by isuckatspeling https://ift.tt/3rAh55I
