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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@OnlyflawsThats boring @DullesB :) Thats why I bought some Argonaut $AR and Minco $MSV yesterday. Minco is interesting, although China is not so appealing but the deposit is great. They have cash 40m with mkt cap of 55m so I consider it as a good bet in the long term. Probably bought too early, but the ship has to turn at some point. Anyone have any insights on this company? @excelsior for sure. :)
@Excelsior@DullesB - another thought is to keep some irons in the Mining stocks, but then also keep some irons in the Energy sector. I play both sides of the resource sector, because often there is action with energy stocks in Oil, NatGas, Uranium, Lithium, and Renewables if the miners are weak and vice versa. I always keep some core positions in one side or the other, but tend to put more or less weighting in certain sectors at different periods of time due to the macro backdrop.
@DullesBThe best investing advice I got was from a stand up comedian... He said always look at the next best derivative. For instance when gold prices plumits; don't look at alternative currencies or even silver..Invest in rope!
@DullesB@poolman Yeah. It's strange it's almost like they each prioritize the benefit of their own party and or themselves instead of the people.. The same people who voted for them, pay their salaries, and keep the country moving forward
@DullesBThe CBC did a hidden camera review of investment advisors and specific money managers.. majority promised or at least verbally said they could offer up to 40 percent returns in the first year...