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Re: ChillinZX post# 909

Thursday, 04/20/2017 11:34:16 AM

Thursday, April 20, 2017 11:34:16 AM

Post# of 176574
Interesting. I've often advised against stocks that pay ultra high dividends. Some are nearly as risky as pennies.

New players fall for .000 stocks because they assume they can only rise. But that's not true. Lots of bad things can happen such as reverse splits.

Years ago I created a model portfolio of about ten .0001-.0002 stocks and tracked it for a few months. One stock did pop to about .0008 for a few days before crashing again. Several of the others were suspended. Overall that portfolio performed terribly.

I'm a lawyer with decades of successful investing experience. As Buffett has often said, it's hard to beat a simple low cost blue chip index fund.

If you want to try a .000 stock, you'll probably have a chance with RNVA eventually.

off to work now...

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