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Has anyone in history ever made it wealthy in the Penny stock investment game of investing?
Question : Has anyone in history ever made it wealthy in the Penny stock investment game of investing?
We know it’s risky, but has anyone ever made a lot of money from penny stock investing?
Devid, what the hell did that have to do with Penny Stocks? LOL Whatever man!
stock investing
Best answer:
Answer by Bill Q
Penny stock brokers have gotten wealthy selling them.
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#2 written by BeingGreenOnline 1 year ago
A lot of people make big money on penny stocks. You’re getting in on the ground level so if the stock does go up you’re in a position to make the most money.
Here’s an article on how to help yourself avoid the wrong mining penny stocks: http://www.associatedcontent.com/article/2651105/avoiding_the_wrong_mining_penny_stock.html
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#3 written by HillClimber 1 year ago
Trying to make money on stocks that are NOT penny stocks is risky. Playing penny stocks is about the same as, or worse than, a 25-cent slot machine. The people running the penny stock trade (that would be the person owing the slot machine) make money.
One of the biggest jokes in the investment trade is why people still mess with that crap. Wondering if you should invest in penny stocks is like asking someone if you should hit yourself in the head with a hammer. It’s about as dumb as buying and taking delivery of
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#5 written by A nobody 1 year ago
Very few, if any, have made it “wealthy” investing in penny stocks,
Penny stocks are called “crap shoots” you trade them not invest in them.No one should never count on them to be considered part of your primary investment objectives.
They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money.
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I’m sure people have made money in penny stocks. However, you have to consider whether or not all of those stories indicate that those who ended up making money made it because of true business savvy or because of pure dumb luck.
For example, in March 2009, the markets crashed to twelve-year lows. People who bough stock at this time made a killing since then. However, is their success due to smarts or due to luck.
The point I am trying to make is that those who invest in stocks for the long term and have good, sound reasons as to why they picked the stocks that they picked are in the best position to make a lot of money.