Thursday, November 8, 2007

My Thoughts on Learning Penny Stock Investing...

First of all....the amount of information available is overwhelming.

So many forums, so much stuff to research, so many newsletters wanting my money, etc.

I did read something that makes a lot of sense about investors though. They are ruled by one of two things:

  1. Fear (think financial sector right now & some saying a depression is coming)
  2. Greed (runaway stocks like GOOG)
By placing that in the back of my mind, it helps sort out some of the emotionally charged conversations about individual stocks on places like hotstockmarket.com and the yahoo message board.

Want an example? Check this one out.

Most discussions on the YMB are nothing more than personal insults rather than intelligent debate on the future of any given stock, although there are some good posts. Just remember to check your fact w/a reliable source if someone looks to have some good insight.

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