maybe a lesson in portfolio management is relevant here:
portfolio management is like 70% stocks and 30% bonds and cash. out of the stocks (70%) you'd have 20% international and 10% small cap, 20% mid-cap, 50% large cap.
if from the 10% (of 70% of total) were devoted to small companies, these "Fanta-cap" deals would maybe equal 2% of your portfolio in total. 10% of 70% = 7% but you'd need around 50 names at least in order to be well diversified.
so a PENNY STOCK would maybe equal 0.003% "one third of one percent" of your total portfolio if properly allocated.
that's around $3000USD per million of portfolio value.... $3000.00 out of the $70,000.00 allocated to small companies in the first place.
don't blame the market (like Serena Williams blaming the game of tennis) for your loss.
just know plainly and simply that these PENNY STOCKS are usually either big winners or a total loss.
take that to the bank.
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