2006-11-05 12:08:07 · 9 answers · asked by rache001 3 in Business & Finance ➔ Investing
Penny stocks? Perhaps you like to gamble, but while one in a thousand may hit it, the other 999 or so will lose you a ton of money. It truly is NOT worth it.
Penny stocks are like gambling, except the odds with penny stocks are generally much worse!
The best way to consistently make money in the market is to learn how to trade. How to pick stocks, when to buy them and when to sell them.
Check out some of my other answers if you want details on this.
Learn first, then invest!
2006-11-09 05:22:37 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
1
2016-12-23 23:22:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As a financial advisor...don't waste your time with penny stocks. The one thing many people forget is that you can lose all of your money very quickly. If a stock is trading at 5 cents, yes it only need to go to 10 cents to double...but it also only needs to fall 5 cents to go to zero! Sounds simple enough, but many have lost everything on penny stocks....
2006-11-05 12:12:20 · answer #3 · answered by igollert 3 · 1⤊ 0⤋
all penny stocks are hot. One minute you'll be up and the next you'll be down. There are people out there pushing certain stocks to inflate the value and once it reaches a certian price, BAM!! They sell the shares they have and your left holding shares nobody wants. Penny stocks, not for the faint of heart.
2006-11-09 05:36:47 · answer #4 · answered by joe s 2 · 0⤊ 0⤋
I've made a nice profit on a couple of suggestions he's given and plan to start trading his ideas a lot more. I definitely recommend subscribing to https://tr.im/pennystocks
Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had.
2016-01-17 17:01:52 · answer #5 · answered by ? 3 · 0⤊ 0⤋
You are asking the number one question of newbies in the stock market. If you are asking this question... you know little
about investing... and you're going to lose "big time".
First..... look where you're asking for info to invest your money. Total strangers. Seems a little stupid... doesn't it?
Unless you understand what you're investing in (especially penny stocks)...... you are going to lose!
I invest about 3% of my asset allocation into penny stocks. I understand investing pretty well. What's your "asset allocation" for these type stocks? What's your time frame? How will you know if your investment decision is based on a solid understanding of the company? Do you have any criteria? What is your risk/reward ratio? What will your "stop loss" be? Where will you have your "limit" orders placed?
Be honest with yourself. If you want to gamble.... do it with $2.00 on a horse.
Good luck!
2006-11-05 14:02:53 · answer #6 · answered by Common Sense 7 · 0⤊ 0⤋
Are you kidding? Let me send you some of my spam email. They're all hot.
2006-11-05 12:09:59 · answer #7 · answered by DavidNH 6 · 0⤊ 0⤋
put your money into an intrest CD at your bank. It's a better investment.
2006-11-05 12:15:45 · answer #8 · answered by Anonymous · 0⤊ 0⤋
rite aid
2006-11-05 12:09:53 · answer #9 · answered by tom 2 · 0⤊ 0⤋