Now you did it! He'll argue til the cows come home that real investing is equivalent to losing money in penny stocks. I tried to help him. Some can't be helped.
Money is not made with high pps stocks unless you have hundreds of thousands to buy them at minimum. I stopped the OTC stocks years ago. I only buy low cost listed stocks with reports. If they are considered "penny stocks", then good. I can only afford low cost pps stocks since the % gain is worth while. Not going to buy any $100 stocks just to make 40 cents. I judge by basic math, not the high price.
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