Newbies Investing Questions

[bar1080]

I was on the internet in the 1990s when hoardes of newbie investors arrived along with the Dot Com Bubble. Prior to then, few people bought stocks because investors had to go thru stuffy high priced brokers who were't welcoming to the masses. No one flipped stocks because commissions were high, and tax avoidance was a key concern.

Those stuffy "downtown" brokers at least served as gatekeepers protecting rookies from making the dumbest mistakes. Almost no one "played" pennies, prior to the 90s except for slobbering gambling addicts.

Everything changed with online investing... just in time for those newbies to be crushed by the Dot Com Collapse in 2000. Many lost everything, homes, marriages. There were suicides. Some groups like Raging Bull and Silicon Investor soon vanished. Only IHUB survived. And it depends on MJ and to a lesser extent crypto to stay in business. The worst thing has happened on IHUB... Investors have learned to do better. Doing better doesn't include penny stocks!

Beats me what the attraction of RNVA is even for a penny speculator. With its two money gulping hospitals and RNVA's long history of reverse splits, quick failure is pretty certain. Craziest question for me is why IHUBers are actually attracted to stocks like RNVA. And not only in Pennyland. Why the heck do players swarm around Greek shipping firms with long RS histories? Guess it has something to do with the longshot chance of a huge payoff (which never arrives)

Anyway it's the same old story. Gamblers who keep on losing. The few who claim to be "masters of making money in the sewers" are liars or shills.

As for learning how to make real money in the stock market... almost no one here cares about that. Sensible investing is way too slow for the masses. Even Warren Buffett has talked about that.