BellaGrits] Hi all..... just wanted to let you know there has been enough SMOKE today to make me wear permanent sunglasses for LIFE!!!!!! OMW!!!!! This was a day I'll never forget.....I've heard 7 interpretations of every story! All I can say, if they wanted to confuse the mess out of the INTEL PROVIDERS....CONGRATULATIONS!!!! NICE JOB!!!!
But, you know, we can't be outsmarted for too long......not us.....things are on track and looking very well.....had a few bumps-- we're good....loss of sleep of course, but I just enhanced my education in one of my many degrees such as IRAQIOLOGY, RVOLOGY, and BANKOLOGY! HUGZ! ~BELLAGRITS, OH, DR. BELLAGRITS now!
[BellaGrits] klee123 we have a guest....MRSTOCKS.....he will be here in 4 minutes to talk with you about PENNY STOCKS AND SMALL CAP INVESTMENTS!!!!!!!! Please enjoy MRSTOCKS.....these guests give freely of their time and professional insight.......
mrsjim54] MRSTOCKS in choosing a penny stock, how do you approach a stock with suspected NSS? as a good play because of a potential short squeeze? or do you steer away because it might be cellar-boxed?
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[MRSTOCKS] Ok. I know everyone wonders about investing in the market. So, here's my thoughts on that subject:
[indy_joe] BellaGrits, .jonnywg respectfully, since we have been advised to a. invest in job creation and b. stay away from the market for a few months post rv, why discussion of what most consider to be high risk speculation;penny stocks tonight, please?
MRSTOCKS] First off, I should tell you I come from a banking family. My father was a high end banker for 58 years; I owned and operated a high end retail business for 35 years, catering to high end clients.
[MRSTOCKS] FIRST, I WANT TO ENCOURAGE EVERYONE TO NOT INVEST IN THE MARKET - ESPECIALLY FOR THE FIRST 4-6 MONTHS POST RV.
[MRSTOCKS] SECONDLY, I WOULD ENCOURAGE EVERYONE TO THINK OF THE STOCK MARKET...ANY OF IT...AS A GAMBLE, PURE AND SIMPLE.
MRSTOCKS] DO HAVE MUCH EXPERIENCE AS AN INVESTOR - MAINLY IN SMALL CAPS AND SOME PENNYS, AND MOSTLY AS A RESULT OF TIPS GIVEN MY BY MY HIGH END CLIENTELE.
MRSTOCKS] MOST STOCK PROFESSIONALS WILL ADMIT THAT THE MARKET IS VERY VOLATILE - EVEN FOR EXPERTS, AND SOME WOULD EVEN TELL YOU IT'S RIGGED - OR AT LEAST THAT WITHOUT SOME KIND OF "INSIDE" INFORMATION YOU HAVE LITTLE TO NO CHANCE TO MAKE MONEY.
MRSTOCKS] REMEMBER THIS FOREVER: WHEN YOU GIVE UP CONTROL OF YOUR HARD EARNED MONEY, YOU SET YOURSELF UP FOR FAILURE ON A GRANDE SCALE.
[MRSTOCKS] MOST INVESTEMENTS SUCH AS RENTAL HOMES, LAND, ETC., ARE A MUCH BETTER PLACE TO KEEP YOUR MONEY SAFE AND KEEP IT GROWING.
MRSTOCKS] NOW, ARE THERE ANY QUESTIONS?
[..SweetQueen] [indy_joe] BellaGrits, .jonnywg respectfully, since we have been advised to a. invest in job creation and b. stay away from the market for a few months post rv, why discussion of what most consider to be high risk speculation;penny stocks tonight, please?
MRSTOCKS] INDY_JOE, GREAT POINT!
MRSTOCKS] IN REGARDS TO PENNY STOCKS, THEY ARE TRULY RUSSIAN ROULETTE. IMO, THE ONLY WAY TO PROTECT YOURSELF AND POSSIBLY MAKE ANY MONEY IN THE AT ALL IS TO BUY PRIVATE PLACEMENTS (PPL'S).
[..SweetQueen] [mrsjim54] MRSTOCKS in choosing a penny stock, how do you approach a stock with suspected NSS? as a good play because of a potential short squeeze? or do you steer away because it might be cellar-boxed?
MRSTOCKS] PPL's are an investment in which you agree to pay your investment money directly to the company for a conditional price.
[MRSTOCKS] mrsjim54: I think you should only invest any money in a penny stock company that you are willing to lose completely, first of all. Second of all, only do so as a private placement, and thirdly, only with a company that has a proper "mousetrap."
[mbillions] I heard penny stocks were very risky. What indicators do you use to pick a good one.
[MRSTOCKS] LET ME EXPLAIN FURTHER WHAT A PPL IS:
[MRSTOCKS] A PPL IS SUPPOSED TO BE AVAILABLE ONLY TO AN ACCREDITED INVESTOR (WAS OVER I MILLION NET WORTH, NOW OVER 10 MILLION NET WORTH).
MRSTOCKS] A PPL IS A CONTRACTUALLY AGREED TO, SEC BOUND PURCHASE OF SHARES OF STOCK AT A PREDETERMINED PRICE- NORMALLY 2 TO 3 TIMES LESS THAN THE AVERAGE TRADING PRICE OF THAT PARTICULAR STOCK.
[MRSTOCKS] FOR INSTANCE: SAY A STOCK IS TRADING FAIRLY STEADILY AROUND 20 CENTS. YOU MIGHT GET TO PURCHASE A PPL OF SAY 1 MILLION - 10 MILLION SHARES @ ONLY .07 - .10 PER SHARE.
MRSTOCKS] BUT, WITH A PPL, ACCORDING TO SEC REGS, YOU MUST HOLD THAT STOCK FOR A MINIMUM OF 6 MONTHS BEFORE YOU HAVE A THE RIGHT TO SELL ANY OF THE PPL SHARES.
MRSTOCKS] MY POINT IS, WITH A PPL, EVEN IF THE STOCK WERE TO DEVALUE, YOU WOULD STILL HAVE A MUCH BETTER CHANCE OF MAKING A PROFIT OR AT LEAST GET OUT WITHOUT LOSING ANY MONEY.
MRSTOCKS] NOW, HOW TO FIND THE CORRECT STOCK. WELL, THAT'S THE 64 DOLLAR QUESTION:-).
MRSTOCKS] PERSONALLY, I'D RECOMMEND NOT GETTING INTO PENNY'S (OR ANY STOCK, REALLY) AS LONG AS THERE ARE OTHER (HARD) ASSETS AVAILABLE, SUCH AS RENTALS, ETC. REMEMBER, WHEN YOU INVEST IN THE MARKET - OF ANY KIND - YOU'RE GIVING SOMEONE ELSE CONTROL OF YOUR MONEY AND YOUR FINANCIAL WELL BEING.
[MRSTOCKS] SO, WITH THAT ALL BEING SAID, ARE THERE STILL ANY QUESTIONS:-)?
[ddiner] In the eighties, penny stock offerings were for shell companies, companies with out a business concept. Only the brokers made money off of them. What has been done to stop this kind of rip off?
[MRSTOCKS] THERE ARE OTHER INVESTMENTS AS WELL THAT OFFER GUARANTEED RETURNS AND PROTECT YOUR PRINCIPLE. SOME PAY AS MUCH AS 6-9% EVEN TODAY.
[mbillions] MRSTOCKS Are you a Dinarian?
[MRSTOCKS] DDINER, VERY TRUE. ALSO ANOTHER THING YOU HAVE TO CONSTANTLY WORRY ABOUT WITH STOCKS - ESPECIALLY WITH PENNY'S, ARE REVERSE SPLITS OF THE SHARES.
[MRSTOCKS] mbillions OF COURSE:-). BEST INVESTMENT IN THE HISTORY OF MANKIND.
[Cyndee49] Where do we keep money safe post RV for the six months?
[MRSTOCKS] Cyndee49 PERSONALLY, WHAT BELLA AND JONNY AND OUR CREW HAVE BEEN PREACHING IS REALLY TRUE, IMO. BE VERY CAREFUL, TRY TO STAY LIQUID AS MUCH AS POSSIBLE, DIVERSIFY IN SOME OTHER SOLID, STRONG, STABLE CURRENCIES/GOVERNMENTS...CANADA AND AUSTRALIA COME TO MIND....AND YOU MIGHT WANT TO CHECK INTO COMPANIES LIKE BANKONYOURSELF.COM, AND OTHERS THAT OFFER GUARANTEED RETURNS AND PROTECT YOUR PRINCIPLE.
[1england] If we already have our money in 401K's and mutual funds do suggest we move it out?
[MRSTOCKS] 1england FRANKLY, THEY SCARE ME TO DEATH. AS WE'VE ALL LEARNED IN THE LAST 5-6 YEARS, NOTHING IS TRULY SAFE.
[wildrose] Do you feel the current fear-induced, rising VIX sentiment, will provide some excellent buying opportunities in domestic stocks?
MRSTOCKS] wildrose UNTIL THIS RV IS TRULY PAST US AND THE WORLD SETTLES DOWN SOME AND THE DINAR RV IS TRULY FELT AROUND THE WORLD AND EASES MUCH TENSION, I DON'T LIKE...NOR DO I KNOW...OF ANY OPPORTUNITES. LOOK AT THE RECENT FACEBOOK IPO. THOSE EARLY IPO'S THAT LARGE SCALE INVESTORS BOUGHT IN EARLY ON...TO THE TUEN OF MILLIONS EACH....ONLY NETTED 28 CENTS THE FIRST DAY IT WENT PUBLIC....THEN IT WENT DOWN FROM THERE.
[sananddan24] How do you feel about investing in other currencies and if so, which currency should we consider to invest in?
[MRSTOCKS] sananddan24 I THINK IT'S SMART, BUT IMO, I'D STICK WITH A NON COMMUNIST COUNTRY - FOR WHAT I FEEL ARE OBVIOUS REASONS.
[spoofs] Good Evening all and especially to you MRSTOCKS...My grandmother, who has amassed and maintained her own wealth since the mid-1980s, has dabbled in the stock market and real estate. She has stated that real estate is the best bet but with the housing market today, is that still true? TYVM
[MRSTOCKS] spoofs I THINK YOUR GRANDMA IS A SMART WOMAN:-).
[okrocks] MRSTOCKS what would you recommend for some who do not have millions and want to stay safe with an income to live on?
[MRSTOCKS] okrocks GOOGLE BANKONYOURSELF.COM AND OTHER SIMILAR COMPANIES.
[ryancoke] hello that you for taking the time with us......do you have any small caps or penny stocks that you are looking at once things settle down?
[MRSTOCKS] ryancoke YES, I'M IN ONE CURRENTLY...AND RECENTLY EVEN GOT THE CEO OF THAT COMPANY INTO THE IQD:-). HE'S PSYCHED:-).
[sono] MRSTOCKS Can you define PPL's and how one can make money buying them? Thank you.
MRSTOCKS] sono SCROLL UP, BUT PPL'S ARE A HEDGE AGAINST LOSING MONEY, NOT TO MENTION YOU TYPICALLY CAN BUY THEN 200 - 300% UNDER THEIR TRADING PRICE. DOWNSIDE IS, THE MORE YOU PURCHASE THE CHEAPER THEY USUALLY ARE. MOST COMPANIES BEGIN AT ONE MILLION SHARES ON A PPL.
[misskitty05] MRSTOCKS how bad could things get in the stock market over the next six months and how bad do you think they actually will get? How much value do you expect stocks to lose before they hit bottom? Thx
[MRSTOCKS] misskitty05 i'M NOT SURE "BAD" IS THE KEY WORD. i THINK "UNCERTAIN" IS THE BEST WORD TO DESCRIBE THE WORLD ECONOMY OVER THE NEXT 6 MONTHS OR MORE.
[metoo1914] How would we find a PPL and could that be a way to help to provide jobs for our country?
[MRSTOCKS] metoo1914 PPL'S ARE GENERALLY NOT ADVERTISED. YOU FIND THEM BY LOCKING IN ON A PARTICULAR COMPANY THAT YOU PERSONALLY ARE SOLD ON, THAT SEEMS TO HAVE THE PROPER "MOUSETRAP," AND THAT YOU THINK HAS GREAT PROSPECTS FOR POTENTIAL GROWTH. THEN YOU CONTACT THE COMPANY DIRECTLY.
[telemar59] Why would we want to invest in a corrupt and speculative system that has caused alot of our economic problems to date? Especially when most that will soon have money are not seasoned investors.
MRSTOCKS] telemar59 EXACTLY:-).
LINK to Part 2