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Even if you eat vegan or are considering veganism, it might not be in your financial interest to put your money where your mouth is. Unless you are willing to abide by the tried-and-true buy-and-hold strategy, investing in vegan stocks is not the most prudent use of your money.
Beyond Meat (BYND), Oatly Group (OTLY), and Very Good Food Company (VRYYF) are three examples of overvalued vegan stocks quickly growing in popularity yet lacking in investing merit. Let’s take a look at why investors should avoid each of these stocks.
