Oh so true.
Investors, inspired by the hype and positive announcements from these companies tend to plunge their play money into them. I am one of those who, until recently, looked at the money in my share portfolio as "play" money. When the market forces these junior player shares down, far below the average drop, we soon realise that the "play" money is not there anymore. It is only then that the reality of the loss hits home.
After hearing so many good stories about BMN in 2007, I invested heavily, my $300,000 investment is now worth 1/10 of that.
Sticking to blue chip is unlikely to make you extremely wealthy but it is also a lot less likely to send you broke too... riches to rags is a reality for some of us. We can only hope that the "positive" announcements of the past come to fruition.
the australian: riches to rags, page-2
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Last
$3.71 |
Change
-0.030(0.80%) |
Mkt cap ! $567.0M | |||
| Open | High | Low | Value | Volume |
| $3.72 | $3.83 | $3.71 | $2.398M | 642.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 32245 | $3.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 300 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |