Comments on: Can You Become A Millionaire By Investing Into Penny Shares?

By: Sam

Sam — Mon, 30 Nov 2009 19:51:10 +0000

Investments like Asos were 4p six years ago and peaked at 377p last September. Your £5000 would have become £470,000 but there are hundreds of shares that have crashed for every one that soars. Do lots of research.

By: gk

gk — Mon, 30 Nov 2009 19:27:45 +0000

Yes perhaps if you are going to live VERY LONG, if you could make a million from £5000 then everyone would be doing it.
I guess the will have a percentage return slightly higher than interest rates. So it will take hundreds of years im guessing

By: Jon

Jon — Mon, 30 Nov 2009 19:07:47 +0000

Yes but it will take a lot of pennies. They are a fantastic place to start for sure. Look for fantastic Thoughts ,it is hard to research penny companies because they are usually honestly new. So you have to “feel” for them,.Upside the risk is small

By: Space Invader101

Space Invader101 — Mon, 30 Nov 2009 18:43:48 +0000

It is theoretically possible. But, if you have the level of financial acumen needed to do it effectively then getting a job in investments would be a more reliable route to success (and you could still juggle penny shares in your spare time in search of the huge coup).

By: Alvie

Alvie — Mon, 30 Nov 2009 17:47:51 +0000

Invest in blue chip Australian shares listed on the ASX 200 through an international broker. The Australian economy is in better shape than the UK and USA.
There are stocks on our index at penny stock prices that are making new trends. Beats gambling on cheap UK stocks in companies that will soon go bankrupt and wipe out your investment.
All you need is a UK international broker that let’s you trade overseas shares. Google for one.

By: William M

William M — Mon, 30 Nov 2009 17:04:43 +0000

Yes of course you can.
Some of the shares I bought for 13p each are now worth £10.00 each in just a few years.
All all about risk, picking the right share and some luck.
You have to be prepared to loose it all

By: maka

maka — Mon, 30 Nov 2009 16:58:28 +0000

Yes, you can become a millionaire by investing in the right penny stock company. At one time or another, companies such as IBM, Microsoft, Apple, and others were all penny stocks. And anyone who invested in them for the long term probably became a millionaire.
But most penny stock companies go bankrupt. Which means that people who invest in them loose all of their investment.
And this means that the hard part of becoming a millionaire like that is choosing the right company to invest in and staying invested for the long term. Because it takes many years for a penny stock company to succeed and become a large company.
And the problem with choosing the right company to invest in is that the management of the company can change at any time. And what used to be a excellent company can all of a sudden become a company for investors to flee.
Because some company managers are corrupt. And they can arrange for multimillion dollar salaries and bonuses for themselves at the expense of the company and its shareholders. This kind of thing is easily done by company executives when they increase salaries and benefits for company directors, who are supposed to represent the shareholders and supervise the executives. It’s a tit for tat kind of thing between company directors and company executives.