Despite recent market action this week marks the 2nd year of a bull market. Trends like this help investors feel much more confident and in some cases they are anxious to take on more risk for the opportunity of a big win. Often these risks include looking at the so-called “penny stocks” or distressed firms. There are a lot of amazing success stories of investors making an incredible return over months or years on a former penny stock but there are also serious risks. In today’s Ask the Expert webinar we walked through a couple very simple things you can use to evaluate a small firm and decide whether the risk really is worth the potential (if unlikely) reward.
We discussed several stocks during today’s session – including:
- Jones Soda (JSDA)
- Ford (F)
- Allied Irish Banks (AIB)
- US Dollar Index (UUP)
[WEBINAR RECORDING] Cash Is Still King — Even With Penny Stocks
Image courtesy Caitlinator.