Did you buy stocks of company you don't like?
I am not interested in social media websites but their stock prices keep rising. I have invested in FB, SNAP and TWTR. But I never used these sites actively. Did you ever have this dilemma to buy or invest in something that you don't use as much or even find repulsive? Your thoughts appreciated TC: 200k
Absolutely not. If you don’t fully believe in the company, then you’re going to sell when there’s a major downturn.
I don't win at gambling, so, no. Wtf does SNAP dip below $6 and jump above $15 in less than 3 months? It's no longer about fundamentals. All trading is based on 'sentiment analysis' algorithms. It's stupid to try to be smart!
If the business makes sense, you could buy it. If it doesn't or if you don't understand it, don't buy it even if you like the product.
You don't have to be a user of the product to justify your investment. Snap is a terrible stock to purchase but the others may not be. Just keep an eye on the market and watch for big fluctuations, but other than that, if it makes sense to buy them, do it regardless of whether you use their platform or not.