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Posted: 1/24/2014 2:27:49 PM EDT
[#1]
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I am getting about $2k worth of silver and putting about 2k into the stock market. I am starting to do research and was thinking penny stocks because I kind of want high risk stocks that I can play with a lot but I have read nothing but bad things about them. Anyone care to share their experience with them? -Watch Movie -profit. ? |
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Posted: 1/24/2014 2:33:28 PM EDT
[#2]
Quote HistoryQuoted:
-Watch Movie -profit. ? Quote HistoryQuoted:
Quoted:
I am getting about $2k worth of silver and putting about 2k into the stock market. I am starting to do research and was thinking penny stocks because I kind of want high risk stocks that I can play with a lot but I have read nothing but bad things about them. Anyone care to share their experience with them? -Watch Movie -profit. ? Actually wolf of wall street put me off of penny stocks a lot |
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Posted: 1/24/2014 2:38:10 PM EDT
[#3]
There are plenty of high risk stocks out there that don't involve pump and dump penny stocks.
Newbie investors are often attracted to penny stocks because they think they are "cheap". I will tell you right now that Berkshire Hathaway at $168,500 per share is considerably cheaper than most penny stocks. If you can figure out why that is, then you'll realize how stupid penny stocks are. If you really want to "gamble" in stocks, then take a look at stock options. You are much more likely to hit a winning lottery ticket with stock options than you are with penny stocks. It's still a worse bet than just buying quality stocks with quality earnings but it has more legitimacy than penny stocks. |
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Posted: 1/24/2014 3:53:06 PM EDT
[#4]
don't just don't
buy something of quality with your hard earned money. |
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Posted: 1/24/2014 3:56:56 PM EDT
[#5]
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don't just don't buy something of quality with your hard earned money. OK will stay away from penny stocks. Any good links to learn from? I am still wanting something a little more risky. |
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Posted: 1/24/2014 6:41:10 PM EDT
[#6]
I threw some cash into some marijuana industry related penny stocks (one actually).
I'm well aware that it is gambling but I really only see that sector getting bigger as more states legalize for both medical and recreational use. |
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Posted: 1/24/2014 9:05:36 PM EDT
[#7]
You want high risk? Learn options or futures. Research on Google, read books on subject, lose a lot of money, then maybe you'll know what you want to do... Maybe
A lot of very interesting and very risky things you can do in the market if you learn it. There's a whole lot more than just buying stocks. If you want you can make money in the market whether it goes up, down, or sideways. There's a lot to the market and it isn't nice to uninformed. Unfortunately it usually takes a good amount of losses to understand that. Best of luck with your interest in investing (or speculating). |
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Posted: 1/24/2014 9:19:22 PM EDT
[#8]
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don't just don't buy something of quality with your hard earned money. Much safer, or at least as safe as stock market can be. If you're willing to lose the 2K and want to play, go ahead and try the penny stocks. Or if you want real risk (unless your name is Hilary Clinton), commodities. Be prepared for volatility, gains and losses for no apparent reason (mostly losses). Your broker will appreciate the commissions on quick turnaround buy/sells. Remember the "good part" from Trading Places: "No matter whether our clients make money, or lose money, Duke and Duke gets our commission." |
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Posted: 1/25/2014 4:33:13 AM EDT
[#9]
buy a quality mutual fund or something. In all seriousness buy the 10 pack of lowers from PSA for $500 before buying penny stocks, at least you will have something.
lowers |
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Posted: 1/25/2014 9:01:15 AM EDT
[#10]
Penny stocks is not even worth a penny. Invest in companies that you know.
Investing in penny stock is like a baseball player hoping to Homerun everytime. How many times does that happen? |
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Posted: 1/25/2014 11:06:07 AM EDT
[#11]
Quote HistoryQuoted:
I threw some cash into some marijuana industry related penny stocks (one actually). I'm well aware that it is gambling but I really only see that sector getting bigger as more states legalize for both medical and recreational use. As legalization gets more wide spread, big tobacco is going to come in and crush those companies. They have the distribution network already in place for cigarettes and are going to utilize it. If you are up, I'd get out now and put that money in Altria, at least you'll get a nice dividend. |
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Posted: 1/26/2014 10:51:45 AM EDT
[#12]
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As legalization gets more wide spread, big tobacco is going to come in and crush those companies. They have the distribution network already in place for cigarettes and are going to utilize it. If you are up, I'd get out now and put that money in Altria, at least you'll get a nice dividend. Quote HistoryQuoted:
Quoted:
I threw some cash into some marijuana industry related penny stocks (one actually). I'm well aware that it is gambling but I really only see that sector getting bigger as more states legalize for both medical and recreational use. As legalization gets more wide spread, big tobacco is going to come in and crush those companies. They have the distribution network already in place for cigarettes and are going to utilize it. If you are up, I'd get out now and put that money in Altria, at least you'll get a nice dividend. As an Altria investor I am hoping this happens...it will be HUGE Posted Via AR15.Com Mobile |
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Posted: 1/26/2014 11:26:03 AM EDT
[#13]
Risk comes in several different varieties.
1; This stock may become huge! 2; This stock normally returns 10% annually, leverage that, and see what you get. Of those 2 varieties of risk, successful investors normally choose the 2nd option. You do get to hear about all of the ones who chose the first option If you want some thing risky, (volatile), look at XIV. It is down right now, big time, because the last 2 days the market sucked. It is risky, but you are basically buying volatility from people who want to avoid risk. Or, at least, that is the way I look at it. No guarantees, obviously. I could lecture about the difference between investing/speculating, and gambling, but I won't. |
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Posted: 1/26/2014 6:16:46 PM EDT
[#14]
Quote HistoryQuoted:
As legalization gets more wide spread, big tobacco is going to come in and crush those companies. They have the distribution network already in place for cigarettes and are going to utilize it. If you are up, I'd get out now and put that money in Altria, at least you'll get a nice dividend. Quote HistoryQuoted:
Quoted:
I threw some cash into some marijuana industry related penny stocks (one actually). I'm well aware that it is gambling but I really only see that sector getting bigger as more states legalize for both medical and recreational use. As legalization gets more wide spread, big tobacco is going to come in and crush those companies. They have the distribution network already in place for cigarettes and are going to utilize it. If you are up, I'd get out now and put that money in Altria, at least you'll get a nice dividend. Not the people mining the gold I'm backing, it's the people providing the shovels, if you catch my drift. |
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Posted: 1/27/2014 6:47:30 AM EDT
[#15]
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As an Altria investor I am hoping this happens...it will be HUGE Posted Via AR15.Com Mobile Quote HistoryQuoted:
Quoted:
Quoted:
I threw some cash into some marijuana industry related penny stocks (one actually). I'm well aware that it is gambling but I really only see that sector getting bigger as more states legalize for both medical and recreational use. As legalization gets more wide spread, big tobacco is going to come in and crush those companies. They have the distribution network already in place for cigarettes and are going to utilize it. If you are up, I'd get out now and put that money in Altria, at least you'll get a nice dividend. As an Altria investor I am hoping this happens...it will be HUGE Posted Via AR15.Com Mobile +1 Altria (MO) is and always has been a stunningly good buy. They also own a giant piece of SABMiller so if you own Altria, you own cigarettes AND booze. I also own Diageo and Wynn. It's funny that vice stocks are some of my best performers. No need to go rinky dink on the vice plays, the big boys are making plenty of money as it is. 
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Posted: 1/27/2014 5:23:53 PM EDT
[#16]
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Not the people mining the gold I'm backing, it's the people providing the shovels, if you catch my drift. Quote HistoryQuoted:
Quoted:
Quoted:
I threw some cash into some marijuana industry related penny stocks (one actually). I'm well aware that it is gambling but I really only see that sector getting bigger as more states legalize for both medical and recreational use. As legalization gets more wide spread, big tobacco is going to come in and crush those companies. They have the distribution network already in place for cigarettes and are going to utilize it. If you are up, I'd get out now and put that money in Altria, at least you'll get a nice dividend. Not the people mining the gold I'm backing, it's the people providing the shovels, if you catch my drift. I think there is more money to be made in the mining, those shovels won't make the big dollars, especially when they start undercutting each other to get the volume. Altria is going to buy for $1 and sell for $10. Which side of that do you want to be on? |
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