Anyone here into NASDAQ stocks under $1?
 

Share your tips :)

Why risk your money in these companies when there are many other good/safe companies out there you can get double digit yearly returns?

I bought Visa the very first day it became public and I'm still buying it to this day. If I had to recommend any stock it would be that. They are one of the best run companies in the world. And most of the world still uses coins and cash for payment so they have tremendous growth potential.

Yep - Poland for instance, one of the largest economies in the EU , and I don't think I know anyone that has an actual credit card, just debit cards. Even I don't have a credit card. Online purchases are done either COD on via instant bank transfers. Hugely cash-based society.

Additionally if you have a business, monies should be injected into your own business until you really can't think of anything else to spend your money on. And by that point, you likely have enough business knowledge and leverage to start an auxiliary business to be generating even more revenue that stocks could never touch.

I even read a quote from Warren Buffet the other day regarding this. He essentially said, the best investment is going to be your business first, stocks second. He would prefer to buy solid companies any day of the week over any stocks.

I have some cash in lifestyle funds through IRAs for the tax benefit only, and even that weekly injection I'm considering dropping. Decent return and moderately safe, plus tax benefit... nice perks, but not being able to touch the cash for 30 years? It's a loan to Wall Street and not much more.

Hard to argue with 100% returns within a month though...

Yeah but really man? C'mon now...

See https://stocksunder1.org/nasdaq-stocks-under-1/

One thing I've noticed, most of the quick money is not made re 'exciting news' about the company or even if the company is profitable or not... What to look for? Momentum and VOLUME

I think this is more like gambling than investing, don't you? I've been buying and selling stocks for over 20 years and when I first got interested I looked at those kind of companies. It's easy to think if they just go from $1 to 2$ i'll double my money. It's the same thing with OTC stocks. They're all just pump and dump. You'll never be able to get out fast enough because someone will just steal your money.

It's a suckers bet. Do paper trades for a month and see how deep in the red you are.

just like cryptocurrencies....:1orglaugh:1orglaugh:1orglaugh

BTC has actually stabilized quite a bit

Disclaimer: I don't own these. Just tracking them for public information purposes. I am not receiving any compensation for this conversation.

Keep your eyes peeled for:

ACET
APDN

Another crasher that might bounce: WWR