I'd qualify that... I have made some money. I'm sure some have made MORE... Are they wealthy? Do have the $$$ they claim to have? I'm a doubter.
I have also LOST money :) but I also lost money when I was in nothing but big board stocks. ...That was partly timing... I jumped into trading Nov 2008. LOL! Between being a newbie AND the market crashing? Not pretty!
As I explained, these are my gambling funds. I don't go to casinos or buy many lottery tickets. You could also call it entertainment funds. Since we rarely go out to dinner/movies/bars like many do. Circumstances (like even MORE "elderly" parents!) prevent us from doing much in the way of travel right now. Being one of the "elderly" and "retired", I take my kicks where I can find them! I put in my years at the salt mines and I saved money for my retirment...
So maybe I'm an idiot, but I love a good story stock. There are 1,000,001 scams out there (and I've been in some of them) but I still believe in a few...
Some I stumble on by all the boards/etc. I read. Some are not even OTC/BB. LPHI is not a "penny scam" and neither is JE that Guitarman mentioned here. Yet the self appointed board know it all decided to label us as "penny pumpers". LOL!
I believe there ARE stocks out there that have the potential for huge gains...more than just the indexs...high reward/high RISK.
that's the game I'm playing... but I would NEVER use $$$ I need!
I've watched stocks that I had once, got impatient with and sold, go on to be "10 baggers". I've watched stocks that I've found, and put on a watch list, go on to great gains. OF COURSE there are ALSO the MANY that FAIL MISERABLY :) but it's the ones that didn't, that people remember! That's human nature! Gamblers will tell you about their BIG WIN... they never mention all the money they LOST!
This is my World of Poker Tournament :) and it's a learning experience...
(I should mention that in my albeit limited experience, the best stocks have <100 followers on iHub...the fewer the better!)
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