facebookCan anyone make it rich from just penny stocks? If your answer is yes, please give an example. Why do people waste time with $0.25 or $0.12 stocks? - Seedly

Anonymous

08 Jun 2021

General Investing

Can anyone make it rich from just penny stocks? If your answer is yes, please give an example. Why do people waste time with $0.25 or $0.12 stocks?

Is it possible to make it rich from just penny stocks?

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Yuantai Liu

25 Nov 2020

Chief Coach at Happy Coach

Great question!
But the way u phrase your question... Does raise a little cause for concern.

Hard truth: there is no get rich quick schemes.

Don't look to "make it rich" from anything. Ever.

Whatever "rich" may mean to you.

Aim for a more sustainable wealth accumulation strategy, in line with your own financial goals and risk appetite.

Penny stocks are worth pennies for a good reason.

They are an extremely high risk portfolio, and I wouldn't spend a large portion of my portfolio budget on it, if at all.

Benson Ng

18 Nov 2020

Financial Advisory Consultant at Phillip Securities Pte Ltd

“Make it rich” once or twice maybe. However, in order to consistently perform or even earn a decent ...

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