Most stocks that trade under $1.00 are heading for bankruptcy. You'd be MUCH better off at the blackjack table. The odds in the casino are against you but much better than with sub $1 stocks.
stocks help!!
- Thread starter cmoore_23
- Start date
Most stocks that trade under $1.00 are heading for bankruptcy. You'd be MUCH better off at the blackjack table. The odds in the casino are against you but much better than with sub $1 stocks.
the one that im looking at gettin over 300 shares is sirius radio.. the reason they are so low right now is because they just bought out XM.. and as far as how many stocks im looking at about 5 or 6 overal.. and one of them is google.. which right now is around 300.. the others are around 20..and then sirius..
Well more than likely you'll probably lose all your money that you invest in Sirius. But on the other hand - on the off chance they don't go bankrupt you could cash in. I wouldn't buy shares in Sirius but it isn't my money we're talking about.
Obviously, the lower amount invested, the higher the return needs to be to offset the trading fee. However, I kind of doubt that he is going to rely on this $250 to generate his retirement income. My $500 was simply a gamble- just like taking it to Prairie Meadows, except it usually takes much longer to lose on stocks.
My initial $500 is dancing around the $80-$100 mark, but I am ok with that, as I went very high risk- experimental drug companies. For all practical purposes, the company's futures were riding on the approval of a particular drug. If it was approved, I was looking at gains of 300-500%. If they weren't (and they weren't), the value was going to fall dramatically. Overall though, it was fun, and my real money is sitting in a 401K right now.
I have used Fidelity for several years. They have access to many no-load funds, fairly low trading costs and also access to several types of fixed income.
Before you start investing, I think it's important to set a realistic goal. To buy a stock on the verge of bankruptcy and hope it doubles quickly is most likely setting yourself up for failure. Instead I would set goal of something like beating the S&P by 5% for the year. That's not going to make you rich overnight, but it is a good way to build wealth over a long period of time.
Before you start investing, I think it's important to set a realistic goal. To buy a stock on the verge of bankruptcy and hope it doubles quickly is most likely setting yourself up for failure. Instead I would set goal of something like beating the S&P by 5% for the year. That's not going to make you rich overnight, but it is a good way to build wealth over a long period of time.
Remember Sirius is highly correlated with new auto sales, keep this in mind and make sure you do your homework.
I think on most personal finance sites and some blogs there are comparisons of the online discount brokerages. I would start there.
