I have always been the type of man who has loved living life on the edge.
I actually have a high-risk job as a crane operator, I take holidays where I can go mountain climbing or rapid water rafting, and I’m always up for any type of challenge.
Regrettably, I prefer taking the same type of risk with my investments. My broker is basically always reminding me that I’m supposed to be saving for retirement but the way I see it I have at least another 40 years before I can actually do that. He always tends to err on the side of caution so I was sort of shocked when he called myself and others the other afternoon with an investment opportunity he thought would be a good move. I’m not sure if you understand how penny stocks function but these are companies that are high risk and have recently become publicly traded so a large amount of them don’t offer any dividends and in several cases you could lose your money as fast as you invest it. So when he called myself and others about a new pharmaceutical marijuana farm that was going to be traded suggesting that I should invest I was completely surprised. He said that the rising interest in marijuana was worth looking into. Before I invested I started looking online to see about some of the firms that were already publicly traded. A majority of them fell into the high-risk category so I needed to make the decision if I was willing to take a sizable risk on losing everything I invested. To me it was very interesting to think about but I also knew that an easy change in legislation could put a halt to everything that this new business was trying to get done. Investing in companies that are on the cutting edge certainly can be exciting but you also need to use some actual sense. I know he was amazed when I told him that I would think about it instead of jumping at the opportunity right away.