Thread: Penny Stocks?

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  1. #16
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    Quote Originally Posted by Nik View Post
    You could invest in real stocks but the brokerage fee is like $30 and usually each share cost $50. I'd need like money in the $10,000's
    My friend started with less than $500 CAD and was able to profit a lot out of it. It'll take longer to make more out of it since you're initial investment will be lower, but it's still better than going for penny stocks.
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    Read articles on Google. There's also a book I've bought recently on how to invest your money in stocks etc.

  3. #18
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    Quote Originally Posted by Flengo View Post


    My friend started with less than $500 CAD and was able to profit a lot out of it. It'll take longer to make more out of it since you're initial investment will be lower, but it's still better than going for penny stocks.
    I read that this kid makes about 20k a month with investing in penny stocks


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    Quote Originally Posted by arunforce View Post
    Stay away from penny stocks, or you can count on that $3k turning to $0. They're way too volatile and they don't trade enough to sell quickly. Stick with normal stocks, trading fees are $7-10 buy/sell (at least in the US). It's not enough money to diversify though.
    Fees here are about 20-30, which I think is a lot. I know stocks is a waiting game but I would like to wait as little as possible. So like the ability to trade it back as soon as a stock goes up by one dollar


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    Quote Originally Posted by Raple View Post
    mutual funds for a safe investment.
    Lol nah, in like one year it'll make me $30-150

  4. #19
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    Stocks are very commonly misinterpreted. You only hear about the good things. The kid makes 20k a month, but that's one guy. Nobody ever tells you about the amount of people that failed.

    It's kind of the same deal of listening to famous peoples' success stories.

    The strategy they used worked for them, and so now they have the ability to tell the story of their success, and tips on how to do it.

    However, those people are the very small minority.

    Many more people have tried and failed to get where they are, sometimes with the same strategies. You need to look at both sides of the spectrum.

    Personally, I don't really believe in penny stocks

    Those are just my two cents, though (Pun intended)

  5. #20
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    Quote Originally Posted by Nik View Post
    So I have about $3,000 worth of BTC right now. My uni break is coming up soon and when it does, I should have more than $10,000 worth of bitcoin (probably before my break). I'll probably trade in my BTC for irl money and pay off my uni fees which is about $7,000. I'll have $3,000 left over, which I don't want to waste. I want to use that $3,000 to invest into penny stocks (because $3,000 isn't enough to invest into larger valued stocks, to my understanding). I know the general gist of the stock market but I want to know a lot more before I invest.

    So do any of you guys have any guides or tutorials you used before investing?
    Babe youre basically already in the stock market if you use BTC
    consider BTC as a stock
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  6. #21
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    Quote Originally Posted by Nik View Post
    So do any of you guys have any guides or tutorials you used before investing?
    idk much about penny stocks, but whatever you invest in, do NOT touch Binary Options & Sports Betting, etc.

  7. #22
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    Quote Originally Posted by Valeriya View Post
    idk much about penny stocks, but whatever you invest in, do NOT touch Binary Options & Sports Betting, etc.
    Lol, how do you think I got $3,000? I gamble


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    Quote Originally Posted by ZippyZap View Post
    Stocks are very commonly misinterpreted. You only hear about the good things. The kid makes 20k a month, but that's one guy. Nobody ever tells you about the amount of people that failed.

    It's kind of the same deal of listening to famous peoples' success stories.

    The strategy they used worked for them, and so now they have the ability to tell the story of their success, and tips on how to do it.

    However, those people are the very small minority.

    Many more people have tried and failed to get where they are, sometimes with the same strategies. You need to look at both sides of the spectrum.

    Personally, I don't really believe in penny stocks

    Those are just my two cents, though (Pun intended)
    Those are some very points, I didn't think about it like that.

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