Originally posted by BigDaniel
It's not about sailing high & dry Frog.
My point was only regarding the logic behind undermining your own investment, as opposed to been critical however I feel some are well past that.
QBL certainly does remain with risk.
The way to building wealth safely would not heavily feature penny stocks.
However some will allocate a % of income towards more aggressive investments that do carry the inherent risks but also carry the possibility of explosive growth.
Like Bas mentioned you don't want to treat penny stocks like a Casino however I can understand why some will attempt to navigate the treacherous waters..Hopefully research is enough to secure your investment safe passage across to the promised lands!
It all comes down to your lifestyle & retirement aspirations..The old saying..'How much do I need to Retire?' answered by 'How do you plan on living in retirement '?
An individuals circumstances & aspirations will dictate how aggressive they will manage their portfolio.
One can only hope that their aspirations are realistic & balanced with their current age & circumstances.
It's usually the people who can least afford to role the dice at the casino table.
I guess that I'm saying is yes the risks are high..Some critics make very valid points..Don't put chips on the table you can't afford to lose..Keep your eye on the dealer & know when to walk away.
Almost a Kenny Rogers song there!clear.png
and dont forget some of our old friends have been "reincarnated" and have had a second coming! give them enough rope...
