Penny stocks are way too volatile for the average investor. In fact, pretty much anything traded bulletin board is risky. You could lose all of your money very quickly. It's best to diversify among sectors and instruments. In today's market, there is no way to get rich quick. Don't believe me? Take a look at Bill Gates wealth over the last 5 years. That's not all Microsoft stock he owns.
I finally just went for it and bought some stock about a month and a half ago. I invested while everything was and is still relatively cheap right now since the market crashed. I've heard many people say that it's best to invest if you have at least a thousand dollars to get started, but I only started with $260.00, figuring that it could go a long way since everything is down right now. My portfolio earned a hundred dollars in profit as of last week, and this week it's only at about $15.00 profit, which goes to show how unpredictable the market can be, but at least it's slowly going up. Anyway, if you have a couple hundred bucks to blow, I'd say now is a good time to invest in stock. Any thoughts?