Titan Medical Inc (TMDIF)

[elMoose]

If I was his stock broker, I would have told him the same thing.

Unless there was a fully developed product, no novice should buy into a R&D stocks based based on whim and a promise. The timing of a buy should be close to verified existence of a developed and demonstrated device unless this person has a lot of cash and faith in the given company. There is a lot of vaporwares out there.

At this point though, Titan has a developed device that has been tested so there is far less risk but it may be too late for him because he has been burned before and he should indeed invest in other stocks instead, perhaps he should choose high growth stocks that have positive earnings to reduce his risks because he has lost a lot of cash already.

Risk is a material variable for a lot of investors.