Is it me or are some stock traders a little snobby? I'm sure you know what I'm talking about.
I swear...
I think they've seen the movie "Wall Street" too many times.
They all think they are Gordon Gekko.
Just ask them what they think of over the counter stocks.
If they roll their eyes at you, congratulations, you're friend is a snob.
That's OK.
You'll have the last laugh.
What they don't realize is that over the counter stocks or penny stocks have the highest profit potential of any kind of stock.
Don't believe me? OK...
go look at the DOW.
Tell me what kind of profit potential can you possibly have with companies like that? Sure...
they may grow gradually throughout the years, but these companies are all grown up.
If you get a return of 5% per year, consider yourself lucky.
There is nothing wrong with 5% per year, but I'm guessing you didn't start trading to make that kind of money a year.
You want more, right? I don't blame you.
You know when would have been a good time to invest in those DOW stocks? When they weren't DOW stocks.
Better yet, when nobody knew what those companies were.
Believe it or not, a lot of the large cap stocks started off this way.
So take a look at a list of penny stocks.
I guarantee you that there is another Microsoft or Google or WalMart in there.
This is how the rich get that way.
It's like the old saying, "buy low, and sell high".