I wanted to say thanks to those who post here. I decided to limit myself to 1,000.00 to learn about OTC trading/investing.
I read a ton of books, watched a ton of YouTube videos, subscribed to a few websites, newsletters and opened a twitter account figuring I'd take what seemed worthwhile and jettison the dross. I don't claim to understand all of what I read, but I'd bet I understand more than the average shmuck.
The net result of this is that I own stock in four companies:
ICNB (I have a nice letter from the CEO of this company);
HIMR (this was supposed to be a "lotto play");
FLSR (I forget what was supposed to be so great here);
REFR (seemed a legit company with a legit product);
QSIM (also seemed legit).
Of the 900.00 I started with, I have the shares in these companies and $171.06 left. I've spend hours researching companies. I know which ones started as dog grooming companies ... and I actually watched the clip of Danny DeVito, although I could not find his branded limoncello for sale anywhere. I spend a few days glued to the computer watching the little lines go up and down and imagining how happy I'd be when I showed my hubby how much money I'd "made" while watching the grandchildren. I have my alerts set so that I'll get a ping when I can sell and break even, then I'm out of the stinky pinkys.
Our "real" investments are not nearly as time consuming or exciting. Franklin Funds and American Funds. Boring. We make our money like most people do, by working. And if our company ever goes public (not likely) people will be able to decide to invest based on honest financials that are filed on time, which is just NOT that difficult.
You guys on this board were a welcome relief to la-la land. I just wanted you to know that your posts were read by at least one "newbie" who appreciated the reality check. It's easy, even for a smart person to get caught up in the hype of forward looking statements.
Thank you.
PS (Years ago my mother played the lottery for a year and kept records of wins and losses - she determined it was an over all loss and quit playing altogether. I now believe betting on penny stocks is exactly like playing the lottery. I'm done paying my stupid taxes.)
