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Posted On: 02/25/2021 9:35:55 AM
Post# of 4861
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Investors should remember that Warren Buffett made a lot of money with penny stocks when he first started investing. I do not know if he still invests in them, and I don't think he would tell people if he did because of the extreme volatility that might cause. So some things to think about.
“Penny Trades” are cheap and explosive --- that goes without saying.
Penny stocks are prone to manipulation --- even large shareholders can manipulate them.
The Oracle of Omaha made 46 million on a single stock he only paid a penny for back in the day.
Today, he’s up as much as an extraordinary 4,429% on this trade.
Buffett also made $12 billion on a different trade.
"Penny Trades” are not reserved for billionaires like Buffett. Anyone can invest in them. The problem most investors have is that there is not much information publicly available to the average investor. Because of this lack of information, investors always tend to have doubts, and market makers use that against them.
The cannabis sector is full of penny stocks, and nearly all of them are little more than start-ups. Yet, the cannabis industry is said to be the biggest thing to hit the market in generations. So I recommend one pick a stock, or several, and stick with them. Do as much research as you can, and don't be put off by the volatility. When the price drops, one can afford to buy more if one really believes in the management. No guarantees folks, but the market is the best way an ordinary person can build wealth for themselves and their families. Is there any wonder the market is generally rigged against them? The very wealthy do not want the "little guy" to build wealth faster than them.
Remember, never invest more than you can comfortably afford to lose. The market is risky, and penny stocks are even more risky.
Kgem
“Penny Trades” are cheap and explosive --- that goes without saying.
Penny stocks are prone to manipulation --- even large shareholders can manipulate them.
The Oracle of Omaha made 46 million on a single stock he only paid a penny for back in the day.
Today, he’s up as much as an extraordinary 4,429% on this trade.
Buffett also made $12 billion on a different trade.
"Penny Trades” are not reserved for billionaires like Buffett. Anyone can invest in them. The problem most investors have is that there is not much information publicly available to the average investor. Because of this lack of information, investors always tend to have doubts, and market makers use that against them.
The cannabis sector is full of penny stocks, and nearly all of them are little more than start-ups. Yet, the cannabis industry is said to be the biggest thing to hit the market in generations. So I recommend one pick a stock, or several, and stick with them. Do as much research as you can, and don't be put off by the volatility. When the price drops, one can afford to buy more if one really believes in the management. No guarantees folks, but the market is the best way an ordinary person can build wealth for themselves and their families. Is there any wonder the market is generally rigged against them? The very wealthy do not want the "little guy" to build wealth faster than them.
Remember, never invest more than you can comfortably afford to lose. The market is risky, and penny stocks are even more risky.
Kgem
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