Quote:
Originally posted by starglazer
To redliine: I believe you have to resignup.
To:McDick
1) Interest Rate: For CredentialDirect, interest rate is compounded monthly so just sell enough shares so that you gave them back their money. That way $0 INTEREST. If not interest rate is prime+1 (7%) just like a line of credit. Way cheaper than using a cash advance from VISA/MASTERCARD to borrow money where it is compounded daily mostly at 18.5%
2) Having a margin account does not mean you have to use their money. Just use the amount you deposit if you feel insecure with your money.
3) Most penny stocks are violatile. Sometimes the 3 day settling period can really screw you over. So if you think keeping a penny stock long term is a good idea, cool, but I'm not going to risk it.
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I am not into penny stocks at all! I don't have the whole day sitting in front of the computer while doing my day job.
Penny stocks are too risky for me! I rather go to casino betting on Player or Banker! (50/50 chance)
Most of my investments are into Oil stocks. They have pretty good return on me over the past 2 years! It's a safe bet right now in the market.
I would say I won't jump into market with less than $5000.
I am just wondering how many successful stories from buying Penny Stocks?
Maybe starglazer is a good timing investor, but too much risk and effort are needed for penny stocks!
I rather do my investing based on my research and reading the chart. I looked closly on stocks that are near 52-wk high and at the 50 MA line.