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> don't invest in stocks, invest in yourself QFT. Unless you are trying to do market-timing (day trading) with penny stocks, your investments aren't going to b
by Xichekolas 18y ago
> don't invest in stocks, invest in yourself
QFT. Unless you are trying to do market-timing (day trading) with penny stocks, your investments aren't going to be liquid enough and they aren't going to return enough to significantly increase that $2000 in a reasonable amount of time.
Day trading in penny stocks is significantly risky. I did it in college once with $3k. I was up to $9k after a month or so, then managed to lose it all in the next couple months. Your luck is probably just as good playing slot machines, and it's probably actually better playing blackjack. Most penny stocks are penny stocks for a reason (they're crappy companies).
You'd do better to spend the $2000 and, more importantly all that wasted time, working on your idea and seeking out investors (if you really need more money).
I'm willing to bet that for a reasonable amount of time, nine times out of ten, it will be easier to get someone to invest $10k in you than it will be to turn $2k into $10k on the market.