People who don't truly know what they buy or why they buy and importantly when to buy, will always lose, whether in Real Estate, big board stocks or micro caps. "A fool and his money are quickly parted..."
People are running to the big boards right now when they should be running out "soon" and into Real Estate IMO. But they're running out of Real Estate because someone else told them the market is down, blood in the streets whatever... Last time I checked, that's when smart money buys. Always move in the opposite direction of the sheep is how I continue to survive self-employment and provide for my family. Oh, and I pray a lot.
People avoid the pennies and laugh at your "investments" there, and yet many people have made and make an honest fortune trading the pinks everyday. The trick is determining whether or not you, or your supposed "friends" are the sheep, the wolves, or just an old lowfloatgoat doing his own thing, knowing who, what, when and why he's doing it, and hopefully making a killing at the same time.
Of course you know all this. You just were unlucky/happened to follow the wrong crowd/friends and will migrate back to the big boards where you will probably make more money and be happier. It takes a lot of luck, shrewdness, and discernment to do well in the pinks...well on any investment that does better than 10-12% a year LT for that matter...
But what do I know. I still work for a living...though only 10am to 4pm EST now...keep your chin up. People here are excited to finally see their dream potentially realized. Let them have their day and pray they make good choices.
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org
