Can Penny Stocks Help you Strike it Rich?
A lot of people believe that penny stocks are a good way for investors to strike it rich; they feel that since the stocks are trading for pennies that there’s a lot of room on the upside for growth and making multiples of one’s investment is assured with a bit of luck. I think they’re wrong, and the reason is simple mathematics and the fact that many of these Penny Stock will go to zero. There’s a reason they’re listed on the venture exchanges and not the main board, and that’s because many of them are not viable businesses. They’re just there to suck in other peoples’ money.
