Throw money at Radio Shack knowing that there's only about a 1 in 100 chance that you will ever see it again.
Investing in companies with poor financial results (and an even less optimistic future) isn't investing - - - it's gambling.
I am 18, and I am trying to create a nice porfolio to invest in. I currently have about $5,000 I want to invest at once, and I will add a little more every month. I currently bought 6 shares of (VOE) (which I will buy one more share every month), and tomorrow I will invest $3,000 in mutual fund (VFINX)(which I will add $150 a month). I am currently in going into college, and I would like to have some nice money when I get out of college (to spend and reinvest).
All in all, is it a good idea to buy a bunch of radio shack stocks? it is at an all time low of $.72 a share. I know it is risky, but if I buy 415 shares, and the stocks reach $5 during the holidays, I can turn $300 to $1800. which is getting a 6 time return!
Thanks!
When you buy one share at a time, it has to really go up a ot jut to break even with fees.this mo
Radio Shack is NOT at an all time low, or even at a low for htis month. Chances of going to $5 are pretty much non-existent. Chances are a lot higher of it dropping again to its low of .55 or below. Unlikely to go up enough to even cover your broker fees so you can break even.
Experienced investors whose main goal is to make a profit usually never buy stocks priced below $5. Do you know something more that them? Thinking that a stock price is "too low" is the best way to start losing money.
