About a year ago I made some pretty good money off of crypto

I Don't recommend it at all

Some people are able to make big money off of penny stocks, but they are risky and volatile, it's more gambling and not worth long term investments.

but what are penny stocks

like, whats an example

For me, crypto and penny stocks are too risky.

You can get rich, but you can lose it all just as fast.

Penny stocks are stocks that are dirt cheap.

Yeah and if you want to make consistent money off of penny stocks you have to have a lot of data and you have to understand that data and come to concise and fast decisions

Penny stocks is any stock that is under $10 I believe

But not all of them are volatile

Most people buy into them hoping that it will go up within a matter of days or weeks so they can sell them. You can buy tons of penny stocks quickly, and sell them.

Aye.

Some arent volatile.

Exactly and so a ten-cent jump can mean a lot of money

There are rare circumstances.

If you have a lot of shares

yeh

Basically it's like this.. say you have a hundred people and all those people have a baby now you have double the amount of people you have

That is a bad example but you get the point

you have to give 100%

Ford for example is technically a penny stock at this time, but they're a proven company; I invest into ford more for the long run than trying to scalp any short term profits.

Dude it was like 8.95 last night 😂

The best way to invest is to invest in the long term, and to invest in tried and true companies. Don't think of them entirely as a number or statistic. Coke for example. You can rest assured they're going to be around for quite a long time, especially being a dominant force in their field. You collect dividends as well, a small percentage of that stocks worth.

Always research the company you're thinking of investing in.

i research the company

And invest in the company, not the numbers per say.

it's not what they think

A lot of people use their dividends to fund their penny stocks which I find very cool

Yeah, once you got a good long term investing/dividend portfolio established, you can always use those dividends to experiment with penny stocks and short term profits.

Personally, i'd like to use those dividends to go right back into buying more of those stocks.

Pumpin iron <:ak47:633167438229536777>

^

is this what you learn in college if you go for Economy

I 'unno. I refuse to go to college.

y

From what I hear, most colleges in economics try to scare you away from the stock market.

Hmmmm

stock market is an illusion

yeh

False