I was on the Chicago Tribune website, and the top banner ad contained the following picture links to a site promoting penny stocks. The link went to a site with those annoying pop-up ads that are difficult to destroy. I think a good investing rule, or at least guideline, is to not buy stocks promoted at websites with half-naked women. Another might be to avoid investments that present +1000% returns as examples (see here or here), which are often common on these sites. As mentioned, average penny stock returns are pretty dismal, the ultimate lottery stocks.
2 comments:
While their not half-naked, hiring hot chicks to lure investors is a tried and true way to build assets. Think I'm joking? Check this out:
http://nymag.com/daily/intel/2010/07/investor_relations_hotties_sli.html#photo=1x54497
Dammit I saw that ad and put down a million bucks on a penny stock. I didn't even make it to your blog entry.
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