Penny stocks are defined as stocks trading under $5.00. There are risk associated with penny stocks as the so-called experts say. I say look where the experts got us with Blue Chip stocks. You need to take a look at your investment concepts and take control of where your investment capital goes.
Financial planners and advisors do not have a crystal ball to pick winners. If they did they would not be peddling financial products for a commission. They would all be rich.
You need to look at alternative investments such as penny stocks or over-the-counter stocks that carry risk but also carry the potential for greater upside potential. I am not saying to cash in what is left of your 401k and invest in penny stocks. I am saying if you have some discretionary money ckeck out penny stocks. I have and I have done very well.
CURV Entertainment, stock symbol CEGO, creates original music, movies and video content for viewing on Smartphones, such as iPhones and BlackBerries. Nokia, the largest mobile phone manufacturer predicts that in the next 5 years 25% of the world’s entertainment will be viewed on Smartphones.
AIG can and has gone up 300% with just someone talking about AIG getting more government money.
Citi Group hit .96 cents on Thrusday and went up to $1.06 on Friday. Not a big move but it went in the right direction.
I have invested in penny stocks where the price was 6 cents and went to $3.50 in 6 months. Then back to 80 cents. The key is research, luck, a tolarance for calculated risk and knowing when to get out of the stock.
No crystal ball. No magic bullets. Just a willingness to take a different path on your quest to regaining your wealth.
Tags: AIG, BlackBerries, Citi Group, Ford, iPhones, music and movie content, otcbb stock, penny stocks, smartphones
