Posted:
#1
First post in here, so bear with me.
Any ideas on where I can find some penny stocks in some industry's that will take off soon?
Which industry's are best to invest in over the next 10 years?
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Posts: 5
Posted:
#3
You are playing against the odds betting on stocks which arent listed and are worth so little.
That said, if you do your homework and really dig in to understand the company, the managment, business and operations, you can increase those odds.
Even increasing the odds might not overcome the liklihood that most penny stocks either go out of business or never realize their potential.
What I would do is take a good 6 months and get to know a basket of companies and try to make small to mid size investments in ten or more knowing that 2-4 might go bust, 2-4 might stagnate or stay where they are, but those 2-4 that COULD take off would cover the others and make you a good return on investment.
If you are looking to gamble versus invest, well that would change my analysis.
That said, if you do your homework and really dig in to understand the company, the managment, business and operations, you can increase those odds.
Even increasing the odds might not overcome the liklihood that most penny stocks either go out of business or never realize their potential.
What I would do is take a good 6 months and get to know a basket of companies and try to make small to mid size investments in ten or more knowing that 2-4 might go bust, 2-4 might stagnate or stay where they are, but those 2-4 that COULD take off would cover the others and make you a good return on investment.
If you are looking to gamble versus invest, well that would change my analysis.
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