Will a memory stick slow down my laptop?

Not really, as it's still pulling the music from somewhere. It might make your computer faster if the music is in the gigabytes. But I doubt it.

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Originally Posted by Laggings

Not really, as it's still pulling the music from somewhere. It might make your computer faster if the music is in the gigabytes. But I doubt it.

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So i might aswell leave my music on my laptop as it would be more suffient and it would not make a difference anyway?

The only thing that would be noticeable would be some extra space on your computer, depending on the amount of music you have.

The short answer is: NO.