2974: Penny Stock Debacle: How I Lost $5,000 and You Can (and Better) Avoid It by Jeff Rose of Good Financial Cents

Optimal Finance Daily - Financial Independence and Money Advice

Το περιεχόμενο παρέχεται από το Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

24d ago 11:09

MP3•Αρχική οθόνη επεισοδίου

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 2974:

Jeff Rose shares a cautionary tale of losing $5,000 on penny stocks due to greed, poor advice, and ignorance about the over-the-counter market's volatility. He emphasizes the importance of informed investing, avoiding high-risk ventures, and adopting long-term, passive strategies to achieve financial security.

Read along with the original article(s) here: https://www.goodfinancialcents.com/lose-money-penny-stocks/

Quotes to ponder:

"Greed is not always good. I was doing just fine making a decent return on my boring mutual funds, but the chance of quadrupling my money got the best of me."

"It’s more like traveling to a flea market in Spain and trying to bargain with a vendor even though I don’t speak the language. Chances are I’m going to get screwed just like I was in this situation."

"You don’t conjure up strategies driven by greed to beat the market because you don’t need to beat the market to meet your financial goals."

Episode references:

A Random Walk Down Wall Street by Burton Malkiel: https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393358380

The Intelligent Investor by Benjamin Graham: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661

Learn more about your ad choices. Visit megaphone.fm/adchoices

3803 επεισόδια