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fung_derf

03/21/14 11:53 AM

#255 RE: Hoodviewtj #254

No, you are wrong. I am far more qualified.
So, what you're telling me is, everyone should be buying penny stocks because it's the easy way to freedom? Sure, that's why the SEC is always putting out warnings about not buying them and so many of the CEO's are going to prison.
There are two types of penny stock investors.

1)those who are working a pump and dump so they can unload shares onto some other poor shlub who doesn't know any better.
2)the poor shlub who listens to people like you and thinks it's possible to get rich off of penny stocks.

Can't tell you over the years how many day traders I've seen go broke after bragging about how great they were at investing.
And anyone scoffing at 28% per year doesn't understand investing at all. Go research the rule of 72 and see what 28% does for you.