Thanks for sharing. Your transparency is appreciated and I also have learned some investing lessons the hard way! You summed it up in your question at the end "Have any of you invested money into...
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-9529054
Great warning to others! Two thoughts: 1. The OTC market works much like the NYSE. However, stocks on OTC are generally less liquid, resulting in your experience. 2. You stated that you have work...
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-187484
I almost had enough saved for a down payment on a house but I was so sure that I could double it. Two years later there's no house but I do get to live in my car.
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-175859
Its like anything else, learn how to trade, then practice practice and practice some more. Pennies are tough and there are other ways to grow an account by "trading" besides pennies, but if you b...
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-171740
Aww man. That hurts. But it happens to a lot of people. We're not perfect and it's quite normal to make mistakes. What matters most is to learn from it and share it to others so that we won't do ...
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-29222
I just started investing a month ago. I didn't have much to invest so I started with penny stocks. After I read more about them and was worried after I read all about them. Luckily for me, it was...
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-26826
Thanks for sharing this story. It is hard to talk about our mistakes, but I've learned several important lessons from you and I appreciate it.
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-26764
Sorry to hear about your $5K loss -- but, on a somewhat-related tangent, I definitely give you props for telling that story in such an entertaining way! I know someone who lost $10K when he made ...
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-26695
This is so brave of you to accept and share your story of failure so everyone will learn also and will not commit the same mistake. This surely is a big help to everyone.
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-26667
Wow, Jeff. That is horrendous news. I'm really sorry to hear about that. I always knew penny stocks were risky, but I never considered the risks of placing a "market order" on them -- but it's an...
https://www.goodfinancialcents.com/lose-money-penny-stocks/#comment-26663