Is it really possible to make money in penny stocks? Yes, definitely. Is it dangerous? Yes, definitely. If you try it? Maybe not necessarily, perhaps, it depends.
Are you a beginner level, who need all the terms, defined and explained the possibilities? If so, you need someone to hold your hand and guide you through the process. Unless you like throwing money out the window to see if everything is going to fly again, you need help. There is no shame, but to trust to advise you that can be tricky.
So okay, a good, respected, trusted adviser is the first thing you need. Well, actually, it's the other things you need. The first need is money available to invest. Not under any conditions, borrow money to invest. And do not buy penny stocks with the money you have allocated for the college kid, or new tires for your car, or-horror -! The house payment.
While you can earn enough money with "penny stocks" to call you filthy rich, you can also lose enough to become dirt poor.
Whether a few hundred dollars to invest and groped his luck as a merchant. Before doing anything else, study yourself. Learn the lingo, the monitor for a newsletter or two, lurking around the forum, and read, read, read. Do not trust the stock tips that arrive uninvited to your inbox or suggestions that come with your neighbor's cousin's brother-in-law, who knows someone "inside".
When the student is ready the teacher arrives. When you have learned enough to know you need help, now is a consultant that has a good reputation and knows how to make money with penny stocks. You have a better chance to get to this day more Filthy Rich.
Are you a beginner level, who need all the terms, defined and explained the possibilities? If so, you need someone to hold your hand and guide you through the process. Unless you like throwing money out the window to see if everything is going to fly again, you need help. There is no shame, but to trust to advise you that can be tricky.
So okay, a good, respected, trusted adviser is the first thing you need. Well, actually, it's the other things you need. The first need is money available to invest. Not under any conditions, borrow money to invest. And do not buy penny stocks with the money you have allocated for the college kid, or new tires for your car, or-horror -! The house payment.
While you can earn enough money with "penny stocks" to call you filthy rich, you can also lose enough to become dirt poor.
Whether a few hundred dollars to invest and groped his luck as a merchant. Before doing anything else, study yourself. Learn the lingo, the monitor for a newsletter or two, lurking around the forum, and read, read, read. Do not trust the stock tips that arrive uninvited to your inbox or suggestions that come with your neighbor's cousin's brother-in-law, who knows someone "inside".
When the student is ready the teacher arrives. When you have learned enough to know you need help, now is a consultant that has a good reputation and knows how to make money with penny stocks. You have a better chance to get to this day more Filthy Rich.
No comments:
Post a Comment