Penny stocks
By dolphin21
@dolphin21 (56)
United States
March 1, 2011 3:39pm CST
Does any one know about penny stocks? I want to invest in penny stocks, but when I talked to a broker, he said that 90% of the people who invest loose money. Can any one give me info on how to invest in penny stocks properly without loosing a whole lot of money? I want to learn as much as I can before I invest in anything. Thank you and God bless.
3 responses
@greenpeas (998)
• Philippines
2 Mar 11
Penny stocks are stocks by startup companies who boasts of big earnings but have no track records to prove it.
If you are not a day trader you should buy penny stocks. Invest in blue-chip stocks - those by big, reputable and stable companies existing for years. Investing is not the same as trading when it comes to stocks, and when you invest in stocks you should see your profit in long term (20 years onward) before you reap the harvests.
@greenpeas (998)
• Philippines
2 Mar 11
Correction: I mean, if you are not a day trader then you should NOT buy penny stocks.
@13tyates (1606)
• United States
1 Mar 11
I have also heard about penny stocks but like you I do not know much about them. I hope someone will be able to post here what they are, how they work, and how effective they are. I have heard that most people lose there money so I would be extremely careful. Can not wait to hear more responses about penny stocks. Happy Mylotting!
@GamingMasochist (73)
• United States
1 Mar 11
Now I really don't know much about penny stocks but I know I invested somewhere around $100 in a couple of penny stocks and ended up losing all of it. Before you invest make sure it will be a good investment.
