Penny Stocks -
LinkBack Thread Tools
post #1 of 3 Old 05-16-2013, 07:46 PM Thread Starter
Registered User
1998 TJ Wrangler 
Join Date: Sep 2012
Location: Portland
Posts: 45
Penny Stocks

So.... My girlfriend says I spend too much time on websites that do nothing for me like Jeep Forum. She thinks I should get a hobby that may earn some money. Penny stocks came up as a suggestion. My question is: Does anybody here do these? For a minimal investment, they can become a money maker. I can also lose everything I invest.

I'm not looking at investing more than $500, so I am not going to cash out my retirement fund.

Has anybody had any luck? I want to hear both the horror stories and the success stories.

What makes hearing children’s laughter scary?
They’re giggling because they set something on fire.
ScruffMcGruff is offline  
Sponsored Links
post #2 of 3 Old 05-16-2013, 08:12 PM
Registered User
1997 ZJ 
Join Date: Apr 2012
Posts: 113
I had the same epiphany while at work. Lots of time dinking around on here and other websites; fun, but just killing time.

So, I've been playing around with penny stocks. It's fun, but to do it right you need to do a lot of research or you could just gamble it I suppose. Just set up a brokerage account somewhere and start spending money. If you're in it for the long haul you can make some decent cash. With shorter periods, brokerage fees and a higher tax rate may eat into your profits, but with $500, no biggie. With shorter time periods it can be more fun and exciting, if researching and buying at the right time are fun to you. The long term can get a bit boring at times.

Find something interesting to you or something that you think has a good chance for success and read up on it. That is what it comes down to for me...research, research, research. But sometimes it's just fun to own a little of something that you love.

Good luck!
ElkhornRanch is offline  
post #3 of 3 Old 05-17-2013, 11:04 AM
Registered User
1991 YJ Wrangler 
Join Date: Jul 2008
Posts: 999
For the time it takes to research and trade, the payoff isn't worth it. Also, keep in mind that you would potentially be making several trades a day. At ~7 bucks a trade, that can get pricey.

Investing is great, but if you want to turn a lot of money into a lot more money you should invest more "classicaly". ie normal stocks or mutual funds. If you want excitement then just stay away from blue chip companies.


91 YJ. 4.0, 4.10's, 33's, 4" springs, 3/4" booms, 1" BL, 1" MML, d30 aussie locker, hand throttle, posi-lock, full cage, bumpers/rocker guards/engine skid, winch.
jbeebe is offline  

Quick Reply

Register Now

In order to be able to post messages on the forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid e-mail address for yourself.

Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome