Thread: Penny Stocks?

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    Penny Stocks?

    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?

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    I haven't done much with stocks but my friend has. $3000 is enough to invest in real stocks. You might not be able to get a lot in, but it's still very profitable. I don't think penny stocks are worth it.
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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?
    You could easily double your profit but you will end up waiting a little. In my opinion I think you should instead buy a website, or invest in SE'method or even open a shop. You could easily sell refunded stuff on ebay and make 700x that you make on penny stocks.

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    Quote Originally Posted by leonisthebest View Post
    You could easily double your profit but you will end up waiting a little. In my opinion I think you should instead buy a website, or invest in SE'method or even open a shop. You could easily sell refunded stuff on ebay and make 700x that you make on penny stocks.
    i want to purse legal ways to obtain money

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    Quote Originally Posted by Nik View Post


    i want to purse legal ways to obtain money
    Maybe get a western union bank transfer on carding forums if you want to turn $300 into $5000.

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    Quote Originally Posted by Flengo View Post
    I haven't done much with stocks but my friend has. $3000 is enough to invest in real stocks. You might not be able to get a lot in, but it's still very profitable. I don't think penny stocks are worth it.
    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


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    Quote Originally Posted by leonisthebest View Post
    Maybe get a western union bank transfer on carding forums if you want to turn $300 into $5000.
    Not 300. 3,000. And what do you mean by this? I will already have the money by that time

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    Fuck you

    Well uni is worthy, but doesn't promise you getting a job like most US citizen who have ended a fucking uni and are now stuck as unemployed, sad life.

    Oh wait, never mind, I thought you were an US citizen my mistake, anyway, is uni worthy at Australia?
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    Quote Originally Posted by Sander The Panda View Post
    Fuck you

    Well uni is worthy, but doesn't promise you getting a job like most US citizen who have ended a fucking uni and are now stuck as unemployed, sad life.

    Oh wait, never mind, I thought you were an US citizen my mistake, anyway, is uni worthy at Australia?
    Yes it is worthy. Esp if you want to become a doctor or get into the IT field.

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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


    - - - Updated - - -



    Not 300. 3,000. And what do you mean by this? I will already have the money by that time
    Well if you want to know more pm me and I can talk to u on skype :P

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    Quote Originally Posted by Nik View Post


    Yes it is worthy. Esp if you want to become a doctor or get into the IT field.
    Ah.. Well I want to learn an IT (like pc building and fixing), but I'm not comfortable go to the school yet, due what happened 3-4 years ago.. I know that I could have friends to hang out and have fun with them, but its Estonian school, and Estonian speaking people, a native language of mine but still, I'd prefer to be around English speaking people
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    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.



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    Stocks are a great way to make money but from what I see your not in the best place to lose money and take risks at the moment.

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    3,000 is plenty to invest, but you should do research on what exactly you are investing in of course. I've made a lot off of AMD in the past.

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    My advice is if you are going to stock market is to not 24/7 check on your money, I've known people who've gone crazy from just continuously watching there money. It sounds dumb and is probably something that you won't have an issue with, but it's just some piece of advice that I can throw out there.

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    mutual funds for a safe investment.


     
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