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09-28-2007, 09:30 PM
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Yes, I've had some good experiences: WWAT a Performance · The Big Winner Songzai International Holding Group: What a Performance! · The Big Winner and some bad ones: USWF.PK? More Like USWF.FU · The Big Winner If you're willing to take risks, penny stocks are fun. Otherwise, it's best to keep 90 to 95 percent of your money in a diversified portfolio of index funds with the proper amount of asset allocation relative to the risk you're willing to take. Some might say that it's best to keep 100% of your portfolio in index funds, but I find penny stocks are too fun to stay away.      |
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09-30-2007, 06:49 PM
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What ad's are you talking about? The spam mails that advertise Penny Stocks?
__________________ I am always open for feedback on my posts. If your feedback would go offtopic feel free to send me a Personal Message. My posts generally don't contain medical or legal advice, if you have a problem seek the opinion of an expert Talking about this in terms of “bad news” or “bad judgment by business leaders” seems archaic. It’s like describing World War One as “a serious diplomatic concern.” Bruce Sterling about the financial crisis. |
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10-01-2007, 12:16 AM
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Penny stocks are very risky. You need to realize that almost all penny stocks are shell companies, and that they basically have no real value. I dabbled in penny stocks in my early investing career, but learned quickly that they aren't the right choice if you want to make money in the long term. Penny stocks are also plagued with pumpers and dumpers (probably the ads you've seen are by pumpers). If you don't know much about trading penny stocks, I'd be very cautious to start getting into that. Be very careful, you can lose money just as quickly as you can make it with penny stocks. I actually wrote an article on my blog about the risks of penny stocks if you're interested in more information. Click here for the article. |
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10-01-2007, 01:03 AM
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I agree with Adam here. The odds of making money in penny stocks are pretty much nil. If you take a large enough stake in a penny stock to earn a real return you're pushing up the price yourself. This is because the volume even if it looks to be in the millions is very thin. Think a million shares of a $.005 stock price. But if you do have some extra cash and want to get a feel for just stocks in general. I found it kind of fun. Most of the initial investment $500 was lost. Or is still sitting in those penny stocks because it is not worth it to cash it out because of the transaction fee. Small-cap are just as risky but at least have the opportunity to give you an actual return. Look for sub-$10 share price but actually listed on nasdaq/nyse/amex. -OJ |
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