You are viewing a single comment's thread from:
RE: Getting Rich In Crypto Currencies, Real Estate, or the Stock and Option Markets (My Thoughts)
It's not impossible, I know some guys who weren't even necessarily smart investors and hit it big off a weed stock but generally speaking your average investor isn't going to get rich off the stockmarket. Majority of professionals let alone your average investor underperform the market and most don't have enough money or leverage to make "get rich" money.
I would liken crypto to a safer way of playing penny stocks high risk high reward, however where as penny stocks are unknown companies who may or may not have any value we know cryptos have some utility and value.
Depends on Penny Stocks. Especially the Canadian and Australian Jr Resource stocks. Because Commodities go in cycles its not uncommon to see 10 baggers or 50 baggers over the course of a cycle. The only problem is as a Retail Investor who is not Accredited and can't partake in Private Placements and secure warrants you can be a large disadvantage. Marin Katusa, Rick Rule, Frank Guestra, Doug Casey, Ross Beaty, etc. There have been many fortunes made in the JR Resource sector. But the Crypto Currencies return wise have changed the game. Because literally the risk is whatever you put in and upside it limitless. They are nearly impossible to value because it based almost solely on the networking effect.
How to parlay $20k into $15 million speculating in junior mining stocks
The penny stock comparison is solid, hadn't really thought of that yet. And yes, there's always going to be the fact that good investors will outperform bad investors.