Re: From the other board by Leifsmith
in response to
by
posted on
Apr 20, 2015 07:45PM
Combining Classic Mineral Exploration with State of the Art Technology
Ivargas,
I agree with the core of what VP has said on this, but I respectfully take a softer attitude on it. He is correct that you shouldn't be invested in anything you aren't fairly comfortable with unless you have a high risk tolerance.
The stock market in general requires a fair amount of risk tolerance, and this is why the subject of "due diligence" comes up, and why any brokerage company that would sell you a mutual fund has to first provide you a prospectus. In the case of penny stocks, the risk element is much higher, and therefore so should your fortitude should you choose to invest in them.
In any market investing, you should never invest more than you can afford to lose. Things can change very quickly, and can even change quickly back again, so you have to be able to ride a roller coaster, so to speak, and not get overly emotional about the investment.
I absolutely agree with VP that if you aren't comfortable with this investment, or can't afford to lose any money on it, you probably shouldn't invest any further in it. Only you can make that call.
As to a different point, I don't think there is anything wrong with looking for the opinions of others. That is, after all, what this board is all about. People should be able to come here and see various opinions and facts. I certainly find value in the facts that I didn't previously know about. It is easy to talk about due diligence, but sometimes it is hard to find the information or even know what information you are lacking. People on this board have been great at helping us newbies. :) I sometimes find comfort in what others have to say, and might momentarily feel stressed by what someone else has to say. In both cases, it is important to think through what you already know to be true and formulate an objective opinion that may or may not be in agreement with a particular poster. Don't get too caught up in someone else's opinion all by itself.
This is just general advice that I have found to be true. I hope it helps you in some way.
Wesley