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Originally Posted by mused76
does anyone here invest money in penny stocks? i'm wondering if this would be a good place for a novice, like myself, to spend some money to see how the market works. are there advantages and disadvantages about penny stocks? any other good tips about these? any info would be appreciated. thanks in advance.
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I play with penny stocks and have made (and lost) money. In my opinion you do get an idea how the market works, but not how investing works. What I'm doing is more like gambling than investing. I recently bought a stock at .10 a share and ten days later sold it at .19 a share. A .09 increase doesn't sound like much, but if you had 5000 shares (as I did) you made $450 minus commissions. As long as you don't risk any amount you can't afford to lose, it can be a fun hobby that sometimes makes money.