I have always been the type of person who has loved living life on the edge.
I have a high-risk career as a crane operator, I take getaways where I can go mountain climbing or rapid water rafting, plus I am always up for a challenge.
Sadly, I like taking the same type of risk with my investments. My broker is pretty much always reminding me that I am supposed to be saving for retirement but the way I see it I have at least another 40 years before I can do that! She always tends to err on the side of caution so I was astonished when she called me the other day with an investment possibility she thought would be of interest to me. I am not sure if you understand how penny stocks happen to work but these are companies that are high risk plus have recently become publicly traded so most of them don’t offer any dividends plus in several cases you can easily lose your money as fast as you invest it. So when she contacted me about a new pharmaceutical marijuana farm that was going to be traded suggesting that I should think about investing, I was shocked. She said that the growing interest in marijuana was certainly worth looking at. Before I invested I started looking online to see about a few of the firms that were already publicly traded. Many of them fell into the high-risk category so I needed to choose if I was willing to take the actual risk of losing everything I invested! To me it was thrilling to hear about but I also knew that a simple change in legislation could put a total end to everything that this new corporation was attempting to do. Investing in companies that are on the splitting edge can be thrilling but you also need to use some sense. I assume I shocked her when I told her that I would just think about it instead of jumping at the possibility instantaneously.