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Looking for penny stocks to invest in, good idea?
ACL1993
Posts: 1 Newbie
Title says it all, what do you think?
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Comments
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Looking for penny stocks to invest in, good idea?Do you have the knowledge and experience to read through company accounts to pick out the good from the bad? (majority are penny stocks for a reason and wont go anywhere). Often the market for this is not very liquid and not ideal unless you are minted and dont mind putting x% of your money in play.
For the average consumer it is a bad idea.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
I have a mate called Jordan who reckons that a company called Aerotyne International could be worth a punt.0
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1 post. This is a wind up. Don’t take the bait!0
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or another new poster will be along in due course with some stock tipsjaypers said:1 post. This is a wind up. Don’t take the bait!I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.3 -
Great Idea......to lose money that is. Might as well go to the casino.0
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The spreads are astronomical, you can easily lose 50% of your investment between the buy and sell price. Only for mad money you're happy to throw away.0
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Penny shares are a gamble and I bet we all know someone who claims to make a fortune on them. Unfortunately, those people are usually like that bloke you know who sometimes waves around a wad of tenners that he's won on the horses at the weekend. They only tell you about the wins.
Of course you could make a lot of money investing in penny shares. Just like you could make a lot of money winning the lottery.
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