Question by girl36c_4u: I just got 10,000 dollars inheritance?
and my boyfriend wants me to invest in a company called “pink sheets” has anyone heard of it?
Best answer:
Answer by skcs69
Is he the owner of the company.
Know better? Leave your own answer in the comments!
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{ 8 comments… read them below or add one }
get a new boyfriend.
You’re boyfriends an idiot, there’s no such thing.
Don’t do it.
Invest in an education instead. Much better track record. If your boyfriend isn’t rich, even though he “knows” about investments, there’s a reason for that.
Yes. First “pink sheets” are a common name for small penny stocks. Companies that trade in the market, generally for $5 or less. The problem is they are extremely volatile and because of their size as a company it is hard to find reliable information to make a worthy investment decision. Penny stocks generally trade off of trends and is no place for a new investor and if you work with a proper advisor they most likely wont let you buy “pink sheets.” I am in the financial planning business and I help people identify gaps in their portfolio that are holding them back. If you want more advice, feel free to contact me. But regardless of what you do with your newly inherited 10,000 ask yourself; what do I want this money to do for me?
give some of your money to poor people. there are so many poor children who need money, or give it to the church.
Don’t listen to your boyfriend, pink sheets are penny stocks and are super risky. You should diversify, put about 60% of your money in stocks, such as SHLD, AAPL, BBI, then put 20% in CD’s and the remaining 20% in commodity stocks such as GG.
Yes.
Buy sirius-XM shares. I bought when they were 0.10 (2200 shares), bought it again @ 0.95 (5000 Shares), Bought once again yesterday @1.50(10000 shares). Sirus stock price at the moment is @1.52. Look into it. Sirius is waiting on Howard Stern to decide on his ending contract in Dec 2010, based on this the stock may shoot up to $2.00. If you invest $10K @ $1.50 a share as I have, your return will be 5K. Probably the only penny stock that I would purchase shares from is Sirius. Just like with any investments there are risks involved. I’ve been following this stock for the last 3 years. BTW at the time I wrote this, Sirius stock is at $1.52, so since I purchased it yesterday I’ve made 20,000 pennies….you do the math.