Quoted:
Snap Chat seems to be the most popular social media platform for young people. My teenagers NEVER use Facebook, occasionally use Instagram but are on Snap Chat constantly. MY coworkers in their 20's are on it all day. I think its here to stay. It pretty cheap right now. Am i an idiot if i purchase a small amount like $1,000.00 worth as a gamble?
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I know nothing about Snapchat to comment on the company BUT:
1) By what measure are you figuring that it's cheap now or back when you posted it? Share price by itself has absolutely nothing to do with whether a stock is cheap or expensive. That is more of a function of how the share price compares to the fundamentals of the stock.
2) You don't get rich by gambling. You get rich by consistently making good decisions and having more turn out good than bad over the long run. Maybe it worked out this time, but if there isn't sound logic behind the decisions you are making, it won't work out every time and you'll under perform over the long run. The stock market done right is a get rich slowly scheme, don't ever forget that.
Just my 2 cents. Once again, I know nothing about Snapchat so I'm not saying it is or isn't a good investment.