Tag: Investing

Lately, I’ve gotten intrigued by penny stocks. My dad had me look a couple up and I decided to invest in a few. And it’s been a really eye-opening experience. While I don’t personally have much by way of practical experience with finance or banking, it has always been something I am extremely interested in. The level of exposure you get to senior leadership in a penny stock is unparalleled. When you call as an investor, you usually get a call back. I also think it’s a really good way to learn more about how business works. I’ve been fortunate to be in a position in my career to see a lot of facets of how companies operate. I still learn new things every day, even in my dealings with my portfolio of pennies. Digging into the financial statements and press releases from smaller-cap companies really helps put perspective around how a company’s bottom line (and, hence, share price) can be impacted by certain events or shortcomings.

I’ll keep you posted on whether any of my pennies turn into dollars. In the mean time, I’d recommend taking a look at some small-cap stocks (or some true “penny stocks”) and start to figure out how they work. The amount you will learn from simply researching a new company, a new industry, or a new technology, is always worth the time.

Til Next Time,
Michael

Remember all of that talk about the 1%?  Here’s a fascinating piece on the 0.07%…  I have always had an affinity for technology and venture capital.  Probably because when I was growing up, my father did venture capital, and I was interested in technology.  I think deep down, most of us are allured to one of our parents’ professions by nature just because we often idolize our parents and want to grow up to be like them (until we get old enough to realize the traits of theirs that we absolutely do not want to mimic – alas I digress again).  Regardless, I am fascinated to this day by technology venture capital and hope one day to be in a position in my career where I can contribute to this exciting community.  Maybe even one day consider myself part of the “unicorn club”.

Hope you enjoy the article!

http://techcrunch.com/2013/11/02/welcome-to-the-unicorn-club/

Til Next Time,

Michael

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