Wow, I haven't checked up on my stocks in the past year and I see I've lost like ALL of my hard earned money that was invested into ZNGY.
I don't have much to begin with. It's probably pocket change to many of you, but it probably took me an entire year to save up and invest the $450 I've lost in this company.
It's in my IRA, so I guess I'll just hang onto it and hope it will go higher someday and I can get some of my money back. I've actually seen this company go through 3 different ticker names since I originally bought in.
I think I'm just about done with the penny stocks. In the past few years I have not made a single dollar and have only lost hundreds of dollars. I just plain suck at choosing them I guess. It doesn't matter how much research I do beforehand, the ones I choose always go down and fail. Even the higher priced stock I chose that pays out dividends has gone down since I bought some last year.
I have a new strategy now. I have automatic deposits to my IRA set up, $25 every 2 weeks. And it's been accumulating for the past year. So I finally have a large chunk saved up and just bought some reliable Vanguard ETFs. At least I hope they are reliable...
Most of the forums here hype up random stocks too much. Does anyone know of a good investing forum that provides decent stock choosing tips? I still cannot figure out how to earn that compound interest everyone raves about, but cannot seem to explain to me how to get it...
