Curious to know if its a good idea to jump in the stock market at this time.
I’m currently looking into penny stocks, do you think its a great idea to risk some money for a quick return?
PHILIP
Comments
Volatile. It’s a trader’s market, not a “buy and hold” market.
Penny stocks are extremely high risk because few of them pay off. Get a subscription to Investor’s Business Daily and get educated on where and when your money is best applied to maximize your chance for returns above the market. Since its inception, IBD has annihilated the S&P 500’s rate of return.
right now the market is very shaky. I have never thought it wise to gamble on the market for quick returns and with uncertain futures and credit becoming even harder to obtain I think that these penny stocks will suffer because they will have less access to borrow money. I do feel however that the market right now is a good investment vehicle for long term returns. I believe that the market will ride out and correct itself in the coming months and give investors an opportunity to get some great “bargains” on blue chip and mid-cap stocks.
