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Re: skelly213 post# 48416

Wednesday, 08/09/2017 2:29:28 PM

Wednesday, August 09, 2017 2:29:28 PM

Post# of 64600
The vast majority of my meager retirement is wrapped up in far less exotic investments. I have a tiny bit of play money I have been experimenting with in the penny stocks. So far I've picked more losers than winners, but I don't mind holding onto the losers for awhile to see if they turn around. And I've cashed in on a couple of short term gainers when I decided I was tired of holding onto them.

The only time you actually lose money is if the company goes out of business or you sell for less than you paid. That's my general philosophy. Maybe not the most exciting investment strategy, but there it is.

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