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Home» Questions»Q 128348
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

deucher
deucherActive Contributor
Asked: April 18, 20242024-04-18T15:24:28+00:00 2024-04-18T15:24:28+00:00In: Money & Business

Fortunes on penny shares-possible?

I used to be very similar to such people, because I believed that if the stock is not expensive, it will grow very easily with the first large infusion of funds, but this has never happened, but even now, when there is a lot of information that I did not have, people continue to buy such stocks in the hope of profit. I have had the experience of earning money on such shares, but it was an isolated case and I did not earn as much as you might think, but I believe that it is definitely not worth it if you want to build a good portfolio that will constantly bring you profits without a doubt

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1 Answer

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  1. Mika
    Mika Expert Mind
    2024-05-08T03:58:07+00:00Added an answer on May 8, 2024 at 3:58 am

    Penny stocks are not scamms, they are legit investment. However, sometimes you end up investing in penny stocks that are issued just to scam people. Just like some stocks are scam, some penny stocks are also scam. Just like you can lose money with stock market through short selling, dumping, etc. yoRead more

    Penny stocks are not scamms, they are legit investment. However, sometimes you end up investing in penny stocks that are issued just to scam people. Just like some stocks are scam, some penny stocks are also scam. Just like you can lose money with stock market through short selling, dumping, etc. you make losses with penny stocks through these methods. The key is to identify genuine penny stocks.

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