i want to know some penny stocks to invest in.
I want to only invest what i can afford to lose…around 100 dollars.
I observed some internet websites, and information but appears to be no where i can discover unbias guidance about penny stock, unbias hot tips.
i have a job, but i dont want to function any more. I have dreams of being wealthy. I cant stand working in a office anymore, and worrying day to day about being laid off and messing up large..so much responsibilities, i want to discover a way to be financially secure independent, i have a college degree in engineering, I thought i would have my life made as soon as i finish college, now i discover working in a office for demanding bosses so hard, this is not for me. i wish i could go back to jobs like i did in highschool but with the pay i have these days.
May 16th, 2010 at 8:46 pm
The only way you will get rich is if you gamble and invest as much as you have.
May 18th, 2010 at 3:07 pm
Sorry, but it takes money to make money. Then the money will make money.
It is not gambling and you don’t have to lose it. Managing risk to maximize profit and reduce losses, I have found, is the biggest aspect of investing.
I had to cut my expenses and spending to the bone, work much overtime, and invest every dime I could to retire early and live off my investments.
It sounds like you are looking for easy answers, there aren’t any. Most people would rather not be working at the jobs they do. But that is why people are willing to pay us to do them.
Good Luck.
May 18th, 2010 at 11:06 pm
Pl don’t take hasty step to quit job but concentrate on your job responsibility.In mean time, attend sessions on equity investment conducted by professionals.
May 22nd, 2010 at 1:47 am
AFTER READING YOUR FULL QUESTION I FEEL YOU NEED A VACATION NOT THE INVESTMENT IN STOCK
May 23rd, 2010 at 12:53 am
In my experience as a broker, I haven’t seen any person becoming rich just because of stock markets. Warren Buffet became rich in the stock market, but there are two points to note in his riches also. First, he invested a large amount of money and bought a textile company. He turned that company into a holding company later on. So, ultimately he is rich because his companies perform well. These companies have to grow consistently. These companies have to make profits year after years. Second point is that he had started investing way back. He is reaping rewards of that long waiting period.
In short, if you want to be rich out of stock market, you have to fulfill two conditions: have large amount of money, and have patience to wait and reap rewards. If you expect to be rich within short time-span, you will only lose your money.
I understand there are difficulties handling demanding bosses. But bosses have to be demanding, isn’t it? If someone allows his/her employees to take decisions on his/her behalf, he/she is communicating indirectly that he/she is not able to take decisions himself/herself. Be a boss. Keep out your frustration and start working. Responsibilities will not leave you anyway. You will have to fulfill all your obligations even if you become rich. Don’t hate your responsibilities. Rich (or “big” or famous) people also have responsibilities. In fact, they have more responsibilities. Accept them gracefully.
May 26th, 2010 at 12:30 pm
hi there !!
I can suggest you to try trading on stocks as a whole and not on individual stocks as if an individual stock doesnt do well, then there will be no problem when its in group, but it will be problem (loss) if its individual.
Before all these, try some demo platforms and I suggest try play money platforms and then go for real money.
It takes time to become rich and I wish u all the best
May 29th, 2010 at 2:34 am
Take a vacation and go to some seminars, all the online brokerage houses have them. Start reading the market news every morning, watch Bloomberg and CNBC every day.
Do some paper trading until you know how to trade stocks and have a positive track record and profits on paper.
Don’t quit your day job until you have made enough money to pay for your lifestyle and still have money to invest.
May 31st, 2010 at 4:22 pm
Hi Franco,
As some of the other answers suggest, there’s no way for you to get there from here. Imagine that someone came to you and asked you to design an airplane for an ever-expanding crew. You’d rightly point out that, as an engineer, you know the request is impossible. Your idea to get rich quickly is in the same category. Living below your means, saving and investing in a total stock market index fund, maxing out your 401k, and taking the long view… 20-30 years, will be most likely to result in financial success. Best wishes.
June 1st, 2010 at 6:54 pm
Oh to actually see somebody go through the disappointment of entering the real world. “I thought after college…” Yeah, after college the fun STOPS, friend. Hope you enjoyed it while it lasted.
That said, to answer your question, consider what you would have to make to live off of your money. Even if you’re only hoping to make 20k a year, starting at $100 you need to make 200 TIMES your money. This is impossible. I don’t care who you are, how smart you are, or anything. You will not make 200x your money per year.
Figure it this way, on average the market (S&P500) returns roughly 10% per year. So the good rule of thumb would be that to live off of your earnings in the market, you need 10x as much invested as you need to live on. Or, using our 20k estimate, you would need $200,000 invested to live off the earnings. And this is a conservative estimate, I would insist on having a full year in cash stored away for times like we’re in right now. if you’d been in in mid-late 2007, you’d have lost over half your money right now.
June 2nd, 2010 at 10:55 am
with alot of other money first, and alittle bit of time. or quite abit I should say..
June 4th, 2010 at 5:43 am
Sounds like you’re in a rut. Don’t let dissatisfacton with your job make you lose your hard earned money. Most people that get rich and, more importantly stay rich, do it over time. You can make good money as an engineer, so take out what you need to live and invest the rest over time in a diversified portfolio. Everyone dreams of being rich and not having to work. You have to be thankful you have a job and a good education. Maybe you just need to look at another firm or use your degree to help you in another field. Engineers make great businessmen because they are so good with numbers. That doesnt answer your question though.
I took several finance courses in graduate school. In one we threw a dart at the wall street journal stocks page picking five stocks at random. A class full of future MBA’s then did a semesters worth of analysis on the markets and picked five ‘Educated” guesses. The dart portfolio actually did better and , thankfully, put us all in our place. Do you want to take such a risk on such a random market?
June 7th, 2010 at 6:35 am
I think you should keep your job for a while and start to save money. It is impossible to get rich with US $100 dollars to spent investing in the penny stock. You can find another job with a better boss. By observing your expression in English is not likely a college graduate in engineering, otherwise you should have a job at the level of junior management or management trainee.
I am living in the international capital of scams of real estate and stock shares transactions for the past 60 years. My education is earned by self study on top of my almost high school graduate in the 40s. If you want to get rich quick with your mean $ 100 dollars is best and worth a try on different lottery tickets. If god of rich picks you, you can be rich without working at all for probably the rest of your life. You know the conspiracy of the stock markets? For instance, HKMA is liaised with the SFC for allowing the listing of the new shares, Hong Kong the the largest amount of newly listed stock shares of more than $ 16 billion worth US dollars in comparison to the New York stock exchange of $ 11.3 billions and UK only equivalent to less than 5 billions this month or this six months (as it televised this morning in HK). That’s why many companies’ boss get billion of HK dollars as compensation for successfully applied new listing shares in the market of Hong Kong. Why the top man (Joseph Yam) of HKMA made 10.2 millions in 2008 and 10.3 millions in 2007 but the net loss of of HKMA is HK $1008 billions in 2007. Likewise the Hong Kong police is lisised with the Hong Kong organized crimes for billions bribed money to cover up the drug deals, whore houses, black mails to van drivers and protection fees for most the restaurant owners. We closed our restaurant for good and forever in the 70s while making almost a million annually. You see how bad our society it is. Many and I suggested to the Hong Kong government to cut the overall overpaid civil servbants salaries by 6% (just the roll back of the inadequate raise to all good for nothing civil servants) and 10 -20% for all middle ranks, and up to 60% off for those top peoples just like Joseph Yam and the fascist chief executive Donald Tsang Yum-kuen (I curse him to drop dead every day). Never invest in the Hong Kong stock market you are paid for the top peoples to rip you off and make themselves super rich. Go to get another managerial job, son. Don’t try to work for a lousy and demanding boss any more. If you were a degreed engineer, there will room for your advancement in every where in this world. Don’t come to Hong Kong, my son.
June 8th, 2010 at 8:12 am
Hi Franco
Sorry to shatter the lies you have been conditioned to believe there are no easy ways to get rich quick any one who says there are is a scammer.
The education system is designed to turn out people that will work hard to create wealth for others for 50 years so you can retire broke.
Rich people plan to be rich & take small steps like saving 10% and putting in to a investment method eg trading shares, spread betting on share price, real estate options, business, internet etc and reinvest all the profit until it is large enough to fund your life style indefinitely
In order to find your best path to wealth so you enjoy the journey is to identify what you would do if money was not an issue.
List the things you enjoyed at highschool, college and the things you like to spend your money on
then ask how can i use my skills to add value to others
June 9th, 2010 at 6:21 pm
Hi, I understand what you might feel like. You should go to the following site :
You may find answers to your questions here.
June 11th, 2010 at 8:01 pm
It is not easy to become rich only by the stock market unless you are extremely lucky as sometimes happen because nobody will be able to judge the market or the scrips to utilize the correct opportunity to sell or buy. Only way you can be successful is to be very cautious in buying and selling. But here again if you are too cautious you may not be able to make much money.
Penny stocks are dangerous since most of them will not have any fundamentals and hence will be quoting at low rates unless some operator decides to manipulate the share and take it up and make his money and quit leaving all other in high and dry loosing whatever money you had.
The third way is to get inside information about the shares from the company so that you can either sell or buy. But this against rules and may not be available.
So we come back to the LUCK.
June 12th, 2010 at 8:00 pm
The best strategy to get rich is to have a well paid job or business that allows you to not only have your own home debt free, but also put money aside in a diversified portfolio of stocks and bonds.
By contrast, speculating on stock trading is closer to a retirement strategy based on winning the big lottery. We know full well that some individual will win, that there is some chance it will work for you if you get the right strategy for picking numbers. Like the big lottery, trading is based on your ability to extract some profits while others lose them. It is likewise a zero sum game. Most players must lose for a few to win big.
Having pipe dreams of being rich on the average leave you poor.
Building your portfolio to withstand market fluctuations is not exciting, and with the best strategy you can still end up poor. We know that you are without a perfect guidance system.
This can be compared to life. If in life you do all the right things and none of the wrong things, you end up dead.
Same for the person who does everything the reverse. It matters only in that it improves your odds along the way.