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Re: ilosemoney post# 15289

Friday, 03/20/2015 1:20:55 PM

Friday, March 20, 2015 1:20:55 PM

Post# of 60952
uIf it makes you feel any better I lost on this one and a few other penny stocks too, but penny stocks were never more than about 5% of my portfolio. To make money it is difficult to pick even regular stocks from the S&P, Nasdaq, or Dow. Even these can take a dump. Best bet is to buy tracking stocks like DIA, SPY and QQQ. Over the long haul you will make money. I would caution about just putting it all into these in one big heap, as the market is high now and could fall 20-50%. But who really knows?

I would pick 10 target levels and put in 10% at the target levels, both rising and falling, and in this way you give yourself some protection on the downside. Just an idea.